Data centres have emerged as the fastest-growing real estate asset class in Lagos, according to the Lagos Real Estate Development Pipeline Report 2025/2026 published by Estate Intel.
The report projects that total data centre capacity in Lagos will exceed 218 megawatts by 2030, more than tripling the current 78.6MW, as investors increasingly prioritise digital infrastructure.
Estate Intel attributed the surge to rising demand for cloud services, artificial intelligence, fintech, and content hosting, noting that Lagos currently hosts over 20 operational facilities. With more than 146.5MW under development, the data centre pipeline alone represents a 186.37 per cent increase over existing capacity, driven by projects from firms such as Airtel, 21st Century Technologies and Open Access Data Centres.
While the outlook remains strong, the report warned of short-term underutilisation as supply grows faster than demand. However, it maintained that the market remains balanced due to the long-term nature of data centre investments.
Estate Intel added that the broader Lagos property market shows uneven recovery, with rising residential rents, a slow but improving hospitality sector, and an office market still largely tenant-led.