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Akure Insightsas of Oct 2026
Population size
800 K People
Age distribution
0-14: 40%
15-64: 55%
65+: 5% %
15-64: 55%
65+: 5% %
Household size
5 People
Household composition
Large families with 7+ members common in core areas people
Median household income
500,000 NGN/year
Dominant industries
Agriculture, Education, Government nan
Cost of living index
45 index (Numbeo)
Retail sales per capita
150,000 NGN/year
Disposable income
200,000 NGN/year
Existing retail mix
Supermarkets, Malls, Local Markets nan
Number of competitors
10+ major retailers
Market saturation
Medium nan
Presence of anchor tenants
Yes nan
Foot traffic from nearby businesses
High visitors/day
Rent costs
3,500,000 NGN/year
Property values
86,000,000 NGN
Zoning laws
Mixed-use in urban core nan
Business permits
Required annually nan
Availability of retail space
Moderate sqm
Proximity to major roads
Central km
Public transportation access
Good nan
Parking availability
Adequate in malls spaces
Pedestrian traffic
High in markets people/day
Vehicle traffic
Congested in peak hours vehicles/hour
Public transport accessibility
Moderate nan
Commute times
30 minutes
Work patterns
9-5 standard hours
Shopping preferences
Value-oriented, emerging mall culture nan
Brand affinity
Local and affordable international nan
Consumer loyalty
Moderate nan
Entertainment and leisure trends
Malls, festivals nan
Crime statistics
Moderate index 50/100
Shoplifting rates
Low incidents/year
Public safety measures
Police presence nan
Tourist spending
Low NGN/year
Tourist footfall
5,000 visitors/year
Major local events
Ondo Festival nan
Seasonal attractions
Dry season (Nov-Feb) nan
Click-and-collect adoption
Emerging %
Total retail space
50,000 sqm
Retail space per capita
62 SQM
Sustainable retail demand
High nan
Major upcoming retail projects
New mall expansions nan
Consumer spending patterns
Essentials-focused nan
Luxury retail performance
Low sales growth %
Top mall shopping preferences
Shoprite Mall nan
Key drivers for mall visits
Convenience, variety nan
Preferred brand categories
Low preference nan
Preferred brand categories
High preference nan
Number of existing malls
2 malls
Total retail footfall
1,000,000 visits
Retail market gaps
Luxury and electronics nan
Trade area population
800,000 people
Retail potential in catchment area
High nan
Preferred mall layouts
Open plan with anchors nan
Public transport access
Moderate score 6/10
Walkability score
4 /10
Road infrastructure & car access
Developing nan
Parking capacity in comparable malls
500 spaces
Surrounding land use & future developments
Mixed residential-commercial nan
Retail Destinations in Akure
Browse 1 retail destination in Akure, Nigeria. Explore retail leasing opportunities, space availability, and market analytics on Occupi.
Akure at a Glance
- Total Properties1
- CountryNigeria
