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Property market shifts as capital moves from city centres to new African hubs
Photo: Businessday NG
2026-07-26 12:33   Business   10

Property market shifts as capital moves from city centres to new African hubs

The article discusses how real estate trends in Africa are shifting away from traditional city centres to new emerging areas.Panterra Real Estate Group's findings reveal that urban growth in sub-Saharan Africa, with over 50% of the population already urbanised and projected to reach 1.4 billion by mid-century, is creating new investment opportunities.Lagos is expanding southeast with industrial corridors attracting logistics investments, while Onitsha remains an underdeveloped commercial hub.Abidjan's districts are seeing demand for modern housing and retail.

However, Nigeria's market is paradoxically directing capital towards oversupplied Grade A offices in Lagos and Abuja, leading to potential rental declines.

The article warns that this oversupply, combined with hybrid work trends, is creating a structural shift requiring landlords to adapt by converting unused office spaces into alternative uses.Key insights highlight the need for infrastructure development in underserved areas to meet growing market demands.

Full reading at Businessday NG

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