How much does warehouse space cost in Ikeja? If you’re planning to lease a warehouse in this fast-growing commercial hub, knowing the true cost and hidden fees could save your business thousands.
Ever driven past massive warehouses in Ikeja and wondered how much they cost to rent?
You’re not alone. Many business owners and logistics managers search daily for the real cost of warehouse space in Ikeja.
But here’s the thing: prices vary wildly. From Ajayi Industrial Zone to Oregun and Ogba, the numbers don’t tell the full story. And if you don’t know what to look for, you’ll overpay or sign a bad lease.
Let’s break down the cost of warehouse space in Ikeja. We’ll guide you with real numbers, insider trends, and smart contract tips.
Why Ikeja? The Beating Heart of Lagos Logistics
Ikeja is more than just a commercial hub. It’s a lifeline for imports, exports, and fast-moving consumer goods.
With its proximity to the MMIA and major expressways, Ikeja offers premium access to Lagos’ core markets.
That’s why warehouse demand here is sky-high, and with demand comes price inflation, unless you know what you’re doing.
Current Rental Trends: What’s the Cost of Warehouse Space in Ikeja?
Let’s talk numbers.
In 2025, the average cost of warehouse space in Ikeja ranges from:
- ₦2,500 to ₦5,000 per square meter monthly for standard warehouse space
- ₦6,000 to ₦10,000 per square meter for premium, gated, serviced facilities
- Bulk lease discounts available for over 1,000 sqm
- Short-term leases typically cost more per square meter
But location matters.
Here’s a quick breakdown based on area:
| Location in Ikeja | Average Monthly Rent (Per sqm) |
|---|---|
| Oregun | ₦3,000 – ₦4,500 |
| Ogba | ₦2,500 – ₦3,800 |
| Oba Akran | ₦4,000 – ₦5,500 |
| Ikeja GRA | ₦5,000 – ₦8,000 (premium properties) |
| Industrial Estate | ₦6,000+ (with full facilities) |
These numbers are averages. Prices may fluctuate based on amenities, accessibility, and property condition.
What Drives the Price? 5 Key Factors to Watch
Understanding cost means understanding what you’re paying for.
1. Location & Road Access
Warehouses near expressways or ports charge a premium for convenience.
2. Facility Type
Is it a bare shell or a serviced facility with loading bays and office spaces?
3. Lease Duration
Longer leases often come with better rates and flexibility.
4. Security & Infrastructure
Properties with perimeter fencing, CCTV, and fire systems are costlier—and safer.
5. Property Demand
High demand areas like Oregun inflate prices during import/export peak seasons.
Comparison Updates: Ikeja vs Other Lagos Zones
Ikeja is prime, but how does it compare to other industrial areas?
| Zone | Average Rent/sqm | Key Advantage |
|---|---|---|
| Ikeja | ₦3,000 – ₦6,000 | Central, near airport |
| Apapa | ₦2,000 – ₦4,000 | Close to seaport |
| Amuwo Odofin | ₦2,800 – ₦4,500 | Proximity to Mile 2 |
| Lekki Free Zone | ₦1,500 – ₦3,000 | Cheaper, farther from city |
Insight: Ikeja remains the best balance between location and accessibility, especially for FMCG and tech logistics.
Lease Agreement Tips That Can Save You Millions
It’s not just about price. The fine print can make or break your logistics budget.
Here are must-follow contract tips:
1. Inspect Before Signing
Visit the warehouse physically. Confirm ventilation, floor quality, and access routes.
2. Check Power Options
Does it include dedicated transformers or diesel generators? Hidden costs stack up fast.
3. Clarify Maintenance Roles
Who fixes leaking roofs? Who clears drainage? Get it in writing.
4. Include Grace Periods
Ask for a 30-day rent-free fit-out period. Many landlords agree if asked.
5. Avoid Verbal Agreements
Always document offers, discounts, and responsibilities.
A Business Owner’s Real Experience
Tunde, a distributor of medical supplies, rented a 1,500 sqm warehouse in Ikeja.
The quoted rate was ₦4,000 per sqm. The agent promised water and power backup. But nothing was included in the final contract. Tunde signed without reading deeply.
Six months in, he was spending ₦250,000 monthly on diesel and security alone.
The “cheap” space became more expensive than a serviced warehouse.
Lesson? Don’t chase low prices, chase total value.
How All-In-One Nigeria Can Help You Save Time and Cost
At All-In-One Nigeria, we connect businesses with verified warehouse spaces across Ikeja.
We offer:
- Access to reliable properties with honest pricing
- Contract negotiation support
- On-site inspection scheduling
- Advice on trends and property documentation
Avoid being misled by inflated agent fees or poor contract terms.
We simplify your warehouse journey from start to finish.
Final Take: Don’t Rent Blindly in Ikeja
The cost of warehouse space in Ikeja is more than just figures.
It’s about location, contract clarity, and smart negotiation.
Always ask the right questions. And work with partners who know the terrain.
Ready to Lease the Right Warehouse in Ikeja?
Let’s help you find the perfect space, quickly and safely.
Visit our website: www.allinonenigeria.com
Email us: projects@allinonenigeria.com
All-In-One Nigeria, bringing you closer to business success, one warehouse at a time.
