Published in: Demand Trends

Demand For Furnished 1 2 Bedroom Flats Lagos +35% February 2026 PropertyPro Estate Intel

Author Mercy

Published on: February 18, 2026

PropertyPro.ng and Estate Intel enquiry, viewing and transaction data for the first half of February 2026 show demand for furnished 1- and 2-bedroom units across Lagos spiking 35% month-to-date compared to January averages — the strongest short-term demand surge recorded in the past 12 months.

The jump is led by corporate relocations (oil & gas, tech, finance), returning diaspora professionals, and young singles/couples prioritizing move-in-ready apartments with inverter/solar backup, high-speed Wi-Fi and basic furnishings to avoid setup delays and costs.

Demand Breakdown by Unit Size & Furnishing Status (MoM Feb vs Jan 2026)

• Furnished 1-bedroom / studio: +38%
• Furnished 2-bedroom: +33%
• Unfurnished 1 & 2-bedroom combined: +11%
• Furnished 3-bedroom: +16%
• Overall furnished units: +35% (vs +12% unfurnished)

Top 10 Locations with Biggest Month-to-Date Demand Surge (Early Feb 2026)

1. Yaba–Akoka: +42% (tech & university proximity)
2. Surulere–Bode Thomas / Aguda: +39%
3. Gbagada Phase 2: +37%
4. Lekki Phase 1 extension / Osapa London: +35%
5. Ikeja GRA extension / Ojodu: +33%
6. Ikorodu–Ibeshe axis: +31%
7. Sangotedo–Badore: +29%
8. Mowe–Ofada–Shimawa (Ogun spillover): +27%
9. Ketu / Mile 12 extension: +25%
10. Magodo Phase 2: +23%

Average Viewing-to-Offer Conversion Rates (Early Feb 2026)

• Furnished units in emerging/mid-market zones: 22–28% (highest)
• Furnished units in prime areas: 12–18%
• Unfurnished overall: 10–15%

What This Means for Landlords & Developers Before March 2026

Landlords

• Furnish strategically — basic Japandi/minimalist style + inverter/solar backup can boost rent by 15–25% and occupancy to 90–96%
• Price aggressively — mid-market furnished 2-beds can now command ₦1.8M–₦3.2M/year (up from ₦1.5M–₦2.6M in Jan)
• Act fast — demand peak expected to continue through Q1; list early to capture relocations

Developers

• Shift pipeline — prioritize 1- & 2-bed furnished/semi-furnished units in emerging corridors for faster sell-out
• Include power solutions — solar-ready or hybrid inverter setups add 10–20% to achievable pricing
• Marketing focus — target young professionals & corporates with “move-in-ready” messaging

Final Thoughts

The 35% month-to-date surge in furnished 1- & 2-bedroom demand in early February 2026 signals a clear market preference: buyers and renters want convenience and immediate usability in a high-cost, high-stress city like Lagos.

For landlords: furnish + power backup = higher rent & occupancy. For developers: 1- & 2-bed furnished stock in emerging zones = quickest returns.

Which location or furnishing feature is driving the most demand in your experience? Share below!

Disclaimer: This information is for general purposes only and not legal advice. Consult a qualified real estate lawyer for guidance.

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