{"id":5906,"date":"2021-04-01T17:28:26","date_gmt":"2021-04-01T17:28:26","guid":{"rendered":"https:\/\/housematesnaija.com\/how-much-is-your-business-paying-as-base-rent-in-nigeria\/"},"modified":"2021-04-01T17:28:26","modified_gmt":"2021-04-01T17:28:26","slug":"how-much-is-your-business-paying-as-base-rent-in-nigeria","status":"publish","type":"post","link":"https:\/\/housematesnaija.com\/how-much-is-your-business-paying-as-base-rent-in-nigeria\/","title":{"rendered":"HOW MUCH IS YOUR BUSINESS PAYING AS BASE RENT IN NIGERIA?"},"content":{"rendered":"<p><iframe loading=\"lazy\"  width=\"580\" height=\"385\" src=\"https:\/\/www.youtube.com\/embed\/vw4CIWca080?modestbranding=1\" frameborder=\"0\" allowfullscreen><\/iframe><br \/>\n<br \/>HOW MUCH IS YOUR BUSINESS PAYING AS BASE RENT IN NIGERIA?<\/p>\n<p>The retail business expansion and rollout strategy are never complete without the\u00a0understanding\u00a0of the base rent,\u00a0occupancy\u00a0costs, advertising and traffic fees, retrofitting and operating expenses, etc.<\/p>\n<p>Top\u00a0in the\u00a0mind\u00a0of\u00a0retailers\u00a0&#8211; food, fast-moving consumer goods,\u00a0health\u00a0and pharmaceutical products &#8211;\u00a0is how much a\u00a0business\u00a0can afford as rent\u00a0(as a\u00a0percentage\u00a0of sales profit)\u00a0in a particular location.<\/p>\n<p>Calculating\u00a0an all-inclusive cost\u00a0\u2014 base rent and\u00a0occupancy\u00a0costs, operating expenses, advertising and traffic fees, retrofitting, etc. \u2014\u00a0as a\u00a0percentage\u00a0of sales profit\u00a0requires\u00a0a well thought-out and transparent benchmarks, supported by market realities.\u00a0<\/p>\n<p>The current investment potential\u00a0narratives\u00a0within the\u00a0warehouse\/distribution\u00a0and\u00a0retail\u00a0real\u00a0estates\u00a0call for\u00a0caution\u00a0and\u00a0relying\u00a0on actual and market data when budgeting, forecasting and securing\u00a0spaces\u00a0for\u00a0retail\u00a0business expansion and\u00a0rollouts.<\/p>\n<p>Positive growths in the warehouse\/distribution and essential retail real estates, together with the exponential growth of e-commerce is causing a major take-up of short and long term retail space leasing in Nigeria.<\/p>\n<p>The move by the retailers\u00a0(especially those favoured by the pandemic-led changes)\u00a0to localise supply chains to be closer to the customers, strengthening inventories and build up stock in order to quickly meet demand surges has significantly increase the need for retail space and occupancy costs within the industrial and retail real-estate markets in Nigeria.\u00a0<\/p>\n<p>Locations within the cities suburbs and rural areas are attracting different base rents and varying incidentals.\u00a0The\u00a0details\u00a0of the average base rents and incidentals\u00a0(particularly for\u00a0food, fast-moving consumer goods,\u00a0health\u00a0and pharmaceutical products)\u00a0as tracked for the\u00a0year\u00a02020 and 2021 transactions across major cities in Nigeria are\u00a0presented\u00a0in the\u00a0National Retail Base Rent series.<\/p>\n<p>For your\u00a0next\u00a0location, please contact or\u00a0call\u00a0us at +2348068774629 or email at aabraham@akaa-ng.com.<\/p>\n<p>#supplychainmanagement #retailrollouts #retailleasing #realestateinnigeria #distribution #valuationmatters #retailexpansionstrategy #healthcare #fmcg #retailinvestment #retailbaserent #pharmaceutical<br \/>\n<br \/><a href=\"https:\/\/www.youtube.com\/watch?v=vw4CIWca080\">source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HOW MUCH IS YOUR BUSINESS PAYING AS BASE RENT IN NIGERIA? The retail business expansion and rollout strategy are never complete without the\u00a0understanding\u00a0of the base rent,\u00a0occupancy\u00a0costs, advertising and traffic fees, retrofitting and operating expenses, etc. Top\u00a0in the\u00a0mind\u00a0of\u00a0retailers\u00a0&#8211; food, fast-moving consumer goods,\u00a0health\u00a0and pharmaceutical products &#8211;\u00a0is how much a\u00a0business\u00a0can afford as rent\u00a0(as a\u00a0percentage\u00a0of sales profit)\u00a0in a particular [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5907,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[81],"tags":[],"_links":{"self":[{"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/posts\/5906"}],"collection":[{"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/comments?post=5906"}],"version-history":[{"count":0,"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/posts\/5906\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/media\/5907"}],"wp:attachment":[{"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/media?parent=5906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/categories?post=5906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/tags?post=5906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}