The demand for property is high. The vacancy rates for homes in Nigeria's major cities, including Lagos, Abuja, and Port Harcourt, are at historic lows and falling. Vacancy rates are now 0.12% in Surulere, 0.93% in Ikeja GRA and 0.52% in Oniru, Lagos; 2.62% in Wuse 2, 0.93% in Utako and 4.22% in Gwarimpa, Abuja; 5% in Elenlewo, 3% in Woji and 9% in Stadium Road, Port Harcourt. As builders respond to rising demand in the region, new communities are sprouting up. Prominent builders claim that between 55 and 65% percent of the demand for their projects comes from overseas residents.

Even though many new developments may benefit from higher construction standards, there is a rush to acquire high-quality residential assets as the number of developers has grown. Professional programmers have witnessed a small increase in their waiting lists. Leading local and worldwide businesses have been signing multi-year leases with serviced/flex office providers instead of the Grade A office leases that often come with much higher dollar rent exposure, illustrating a similar flight to quality seen in the Office market. In the last three years, the hospitality industry is predicted to have brought in $5bn in foreign investment, and this year, the food and dining sub-sector is projected to bring in more than $22bn. Franchises both domestic and foreign have persisted in the three major cities of Nigeria: Lagos, Abuja, and Port Harcourt.