THE RETAILA
- akinABRAHAM & ASSOCIATES LTD
- Mar 12, 2020
- 1 min read
Updated: Mar 19, 2020
The Nigerian retail industry has undergone a significant transformation and massive improvement since 2005.
From 30,000sqm GLA in 2005 to 375,000sqm GLA in Q1 2019; and investment of about $73m (N9.5bn) in 2006 to $4.75bn (N1.71tr) in Q1 2020.
The need to understand what drives the investment decisions within the retail industry is gradually increasing; with greater emphasis on data for actionable insights.
We must also understand the story behind the metrics in order to measure the retail industry transformation and performance, accurately.
The recent explanation around the Nigerian retail industry never depicts a struggling, dying or even suffering sector; but rather a call to understand the future of retail from the past.
MV Indexes
Market Value
Market Value $ /m² $140.4m
Market Value $ /m² / GLA $4,700
Retail Investment
Retail Investment $73m
Retail Investment / GLA / sqm $2,400
Retail Development Growth (2004-2019) 38%
Vacancy
Market Value $ / m² $33.03m
Market Value $ /m² / GLA $2,640
For more information on the RETAILA, please contact:
akinropo ABRAHAM
Partner, Director of Valuation Services
akinABRAHAM & ASSOCIATES
+2348068774629
aabraham@akaa-ng.com
www.akaa-ng.com
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