Abstract:

Both residential and commercial properties are germane and basic needs of man. While residential properties are needed for man’s occupation and resident, commercial properties are needed for business and commercial purposes. This study is basically set out to compare the trends in the rental values of residential and commercial properties in Ikeja metropolitan axis of Lagos State, Nigeria. The study examined the trends in the rental values of residential and commercial properties in Ikeja between the period of 2009 and 2018 with a view to comparing the trends of the two purposes of property use. Questionnaires were used to collect rental data for the study from estate surveyors and valuers practicing within the metropolis while some residents/landlords within the study area were selected for the purposes of personal interview. The data so collected were analyzed with the aid of simple statistical tools. Findings from the study there is general upward movement in the trend of rental values of both residential and commercial properties in Ikeja metropolis even though the rate of increase is higher with the commercial properties.