Frontier Commercial Services Limited (Frontier Homes) has said the next wave of real estate growth in Lagos is shifting from the Island to the Lagos-Ogun corridor, as rising land prices in established premium locations make the Mainland a more attractive destination for investors.
The company disclosed this on Monday while announcing plans for the maiden edition of the Mainland Housing Summit 2026, scheduled for July 25 at The Mainland Heritage, Ikola, Lagos.
Speaking at a press conference in Lagos, Olalekan Oseni, managing director of Frontier Commercial Services Limited, said the era when Lagos real estate investment was almost exclusively centred on Lekki, Victoria Island and Ikoyi is gradually giving way to new opportunities on the Mainland.
“For years, the conversation about real estate investment in Lagos has been almost exclusively focused on the Island. Lekki. Victoria Island. Ikoyi. And for good reason, these markets delivered,” Oseni said.
“But that window is closing gradually. Prices on the Island have moved to a point where the entry cost for a new investor is at the peak and the margin for meaningful return is increasingly getting thin.”