Computer Village traders have 18 months to relocate!!! The Lagos State Government has just dropped a major update that’s shaking up the business world. For decades, Computer Village in Ikeja has been the hub for electronics, gadgets, and ICT products in Nigeria. Now, with the clock ticking, businesses, investors, and property developers are paying close attention.

This isn’t just another relocation notice—it’s a signal that Ikeja’s commercial real estate market is about to experience massive shifts. And right at the center of this shift is Grosvenors Place, Ikeja, a premium development perfectly positioned to capture this rising demand.

Why Computer Village Traders Must Relocate

The state government’s decision to relocate Computer Village traders stems from years of urban planning conversations. The current market has grown far beyond its original capacity, causing issues such as:

• Overcrowding and congestion in Ikeja.

• Security and infrastructure concerns.

• Pressure on road networks, utilities, and amenities.

• The government’s goal to restructure Ikeja into a more modern and sustainable business district.

This relocation isn’t just about moving traders; it’s about reshaping Ikeja’s commercial identity into something more structured, upscale, and investor-friendly.

Timeline: The 18-Month Window Explained

Eighteen months may seem like a long time, but for thousands of traders and businesses, the clock is already ticking. In real estate, this timeframe is very short—especially considering the scramble for new business spaces.

The question is: where will all these businesses go? Ikeja is still their best bet, given its reputation as Lagos’ tech hub, its central location, and its excellent transport links. This reality means that demand for well-structured spaces like Grosvenors Place will skyrocket.

Impact on Ikeja’s Commercial Landscape

The relocation will drastically change the face of Ikeja. Imagine a situation where hundreds of small and medium businesses, already used to high traffic and sales volumes, are now seeking alternative spaces.

Here’s what will happen:

• Increased demand for modern office and retail space.

• Rising rental prices per square meter.

• Investors rushing to secure properties before prices climb even higher.

• Ikeja strengthening its dominance as Lagos’ number one business hub.

This is more than just relocation—it’s a business opportunity goldmine.

Ikeja as Lagos’ Growing Tech and Business Hub

Ikeja has always been known as the commercial heartbeat of Lagos. With tech hubs, government offices, the international airport, and several high-end estates, it’s already primed for growth.

The relocation of Computer Village will only solidify Ikeja’s role as the go-to destination for commerce, tech, and trade. As businesses shift, investors who take advantage of this move will reap the rewards for years to come.

Why Demand for Commercial Space Will Skyrocket

When thousands of businesses are told to move within a fixed period, demand naturally surges. But Ikeja isn’t just about demand—it’s about quality demand. Traders, investors, and entrepreneurs aren’t looking for makeshift shops anymore; they want:

• Modern, secure, and premium spaces.

• Accessible locations with high traffic.

• Long-term stability for their business operations.

This is exactly where Grosvenors Place comes into the picture.

Introducing Grosvenors Place: A Prime Location in Ikeja

Located right in the heart of Ikeja, Grosvenors Place is a premium development that offers more than just space—it offers status, security, and profitability.

With state-of-the-art facilities, strategic positioning, and world-class infrastructure, Grosvenors Place is designed to cater to the new wave of businesses looking to relocate and expand in Ikeja.

How Grosvenors Place Is Positioned to Benefit

The relocation announcement plays right into the strengths of Grosvenors Place:

• It’s right in Ikeja—the same area traders are already familiar with.

• It offers modern infrastructure, unlike the overcrowded Computer Village stalls.

• It aligns with investors looking for spaces with long-term value appreciation.

Simply put, Grosvenors Place is not just a property—it’s the future of commercial real estate in Ikeja.

ROI Opportunities for Investors

₦5m per sqm: Understanding the Current Pricing

Right now, Grosvenors Place offers spaces at ₦5 million per sqm. For investors, this represents a competitive entry point compared to the rapid price inflation we’ve seen in the last few years.

40% ROI: Breaking Down the Numbers

Investors in Grosvenors Place are already looking at over 40% ROI, thanks to the rising demand in Ikeja. When businesses compete for limited sqm, prices naturally climb.

Price Movement from Last Year to Now

Last year, sqm prices were significantly lower, at 2.5 million per sqm. Fast forward to this year, and we’ve already seen a strong upward trend. With the new relocation directive, experts predict an even sharper rise in property values over the next 12–18 months.

Commercial Real Estate Trends in Ikeja

Ikeja has consistently outperformed other business districts in Lagos in terms of ROI and occupancy rates. Unlike Victoria Island or Lekki, Ikeja offers:

• A perfect mix of residential and commercial demand.

• Proximity to the airport and government headquarters.

• Lower entry costs with higher growth potential.

For forward-thinking investors, this is where the smart money is going.

Testimonial: Ikeja as the Beating Heart of Lagos Commerce

One local realtor recently put it this way:

“Ikeja isn’t just a business hub—it’s the commercial heartbeat of Lagos. Anyone investing here is planting a seed in the very soil where Lagos’ economy grows.” Investing in Grosvenors early was the best business decision I have made. – Engr. Isaac Makinde. 

This sentiment reflects the truth: Ikeja has been, and will continue to be, the go-to location for businesses in Lagos.

Why Investors Cannot Afford to Wait

Real estate is all about timing. With Computer Village relocation set in motion, every day investors wait is a missed opportunity. Prices won’t remain at ₦5m per sqm forever—once the rush begins, costs will climb fast.

Comparison: Ikeja vs Other Commercial Districts

• Victoria Island: Prestige, but higher costs and heavy traffic.

• Lekki: Growing, but still primarily residential with longer maturity timelines.

• Ikeja: Already thriving, central, and now with increased demand thanks to relocation.

It’s not hard to see why Ikeja is the smarter choice.

Steps to Secure a Unit at Grosvenors Place

1. Book an inspection with our sales team.

2. Choose your preferred sqm allocation.

3. Secure your space with a flexible payment plan.

4. Enjoy the peace of mind that comes with investing in Ikeja’s finest.

Book an Inspection Today

Spaces at Grosvenors Place are limited. With relocation driving demand, waiting means losing out. Book an inspection today, secure your sqm, and lock in your ROI before prices jump.

Conclusion: The Future of Ikeja Starts Now

The Lagos State Government’s relocation directive is a turning point. It signals both change and opportunity. Ikeja is about to experience unprecedented demand, and Grosvenors Place is sitting right at the center of it.

For investors, this is more than just property—it’s a chance to secure the future of Lagos commerce. Don’t wait 18 months to wish you had acted today.

FAQs

1. Why are Computer Village traders relocating?
The government is restructuring Ikeja to reduce congestion and modernize its commercial landscape.

2. How long do traders have before relocation?
They’ve been given an 18-month window to move.

3. Why is Grosvenors Place a good investment?
It’s centrally located in Ikeja, offers modern facilities, and promises strong ROI.

4. What is the current price per sqm?
Spaces are available at ₦5 million per sqm.

5. How do I book an inspection?
Simply contact the Grosvenors Place sales team to schedule an inspection and secure your unit.

CLICK HERE TO BOOK A FREE INSPECTION TODAY!