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Brand Fit Snapshot

Best for:

National ChainsFamily EntertainmentQuick-Service DiningDaily Essentials & GroceryCinema & Leisure

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Ultra-Luxury PositioningSmall Format RetailBudget Brands

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Ikeja City Mall, located in the bustling city of Ikeja, is a premier shopping destination offering a wide range of retail, entertainment, and dining options. It attracts both local and international shoppers, making it a vibrant hub for commerce and leisure. With its modern architecture and strategic location, the mall serves as a central point for shopping, entertainment, and social interaction in the heart of Ikeja.

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Hours of Operation

Hours

Checking...
Monday09:00 AM — 09:00 PM
Tuesday09:00 AM — 09:00 PM
Wednesday09:00 AM — 09:00 PM
Thursday09:00 AM — 09:00 PM
Friday09:00 AM — 09:00 PM
Saturday09:00 AM — 09:00 PM
Sunday09:00 AM — 09:00 PM
Holiday Hours

Hours may vary on public holidays. Check with individual stores for specific holiday schedules.

174/194 Obafemi Awolowo Way, Ikeja, Nigeria

Insights

Retail Diversity

Ikeja City Mall houses a diverse mix of retail brands, from fashion outlets to tech stores, catering to a wide range of customer needs and preferences, making it a go-to destination for both high-end and budget-conscious shoppers.

Entertainment Hub

The mall features a state-of-the-art cinema, children's play area, and various entertainment zones, offering visitors a complete experience beyond shopping. It serves as an entertainment destination for families and young adults alike.

Strategic Location

Situated in the heart of Ikeja, the mall enjoys easy accessibility, drawing in customers from various parts of Lagos. Its central location makes it a convenient spot for both local shoppers and tourists visiting the city.

Building Details

Property Type
Community
Gross Leasable Area
15,000
Year Built
2011
Parking Spaces
1000
Average Monthly Footfall
625,000
Owner
Hyprop Investments Limited and Attacq Limited
Anchor Tenants
Shoprite, Mr Price, Spur, MTN, Silver Bird Cinemas

Detailed Market Analytics

Primary Catchment Area
5 km
Secondary Catchment Area
15 km
Catchment area population
2,500,000 People
Population growth rate
3.5 %
Median age
28 Years
Household size
4.5 Persons
Education level (tertiary)
25.0 %

Median household income
5,000 USD per year
Unemployment rate
20.0 %
Cost of living index
150 Index (NYC=100)

Retail spending per capita
500 USD per year
Spending on apparel
150 USD per capita per year
Spending on groceries
300 USD per capita per year
Spending on electronics
100 USD per capita per year

Annual foot traffic
7,500,000 Visitors
Dwell time
2 Hours
Conversion rate
25.0 %
Sales per square meter
2,500 USD per year

Number of retail stores
100 Stores
Anchor tenant presence
Yes Presence
Competitor density (same category)
5 Malls within 10km
Tenant diversity
High Level
Unique Concepts
Yes Presence

Gross Leasable Area
15,000 sqm
Number of Levels
2 Levels
Average rent per square meter
75,000 NGN per sqm per year
Vacancy rate
8.0 %
Lease term flexibility
Medium Level
Available retail space
1,840 sqm

Proximity to main roads
High Level
Public transport access
Good Level
Parking spaces
1,000 Spaces
Pedestrian traffic
High Level

E-commerce competition
High Level
Click-and-collect adoption
30.0 %
Internet penetration
50.0 %

Retail crime rate
15 Incidents per 1,000 visitors
Security measures
CCTV, Guards Measures

Promotional events
Multiple per year Events
Loyalty program penetration
25.0 %
Digital signage presence
Yes Presence

Projected foot traffic growth
10.0 %
New tenant pipeline
Ongoing Status
Mall expansion plans
nan Status
City Snapshot
Ikeja

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Top retail destinations across Nigeria.

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City Snapshot
Ikeja

Comprehensive market intelligence for retail expansion in this city

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Brands Wanted · 5,400 SF

1–1.5 year lease, below market rent, 2nd-generation, fully operational, cosmetic build-out only — move-in ready

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