Are you looking for a cheap coworking space in Lagos? Then you are on the right page! Lagos is a bustling city where business and creativity are on the rise, thus, finding a low-cost workspace is vital.
This article will explore budget-friendly coworking spaces in Lagos that cater to freelancers, startups, small, and small businesses. We’ll explore these cost-effective options, highlighting how they offer not just a place to work but also a supportive environment for collaboration and growth. Let’s dive right in!
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7 benefits of coworking space in Lagos
Table of Contents
Before delving into cheap working spaces, why should you look for a coworking space in Lagos? Are there any benefits? Yes, there are! Let’s explore seven benefits of coworking spaces in Lagos
1. Cost-Efficiency
Setting up and maintaining an office in Lagos can be very expensive due to high rent and operational costs. On the other hand, coworking spaces are a less expensive option, offering fully equipped workspaces, utilities, and amenities at a fraction of the price of an office.
2. Flexibility
Lagos is a bubbling and dynamic city, and business needs can change in a blink. Coworking spaces offer flexible renting plans, allowing you to choose daily, monthly, or long-term rent options based on your budget and business requirements. This flexibility is highly valuable for startups and small businesses.
3. Extensive Networking Opportunities
Coworking spaces are hubs for networking and allow connection with like-minded professionals, potential clients, and collaborators within the same workspace. These connections can result in valuable business opportunities and partnerships.
4. Amenities and Services
Many coworking spaces in Lagos provide vital amenities like high-speed internet, printing facilities, reception services, and fully stocked kitchens or cafes. Having these amenities streamline your workday and enhance your overall experience.
5. Central Locations
80% of the coworking spaces in Lagos are strategically located in central areas. This makes it easy to access clients, partners, and potential collaborators. This positioning minimizes commuting time and costs, making it convenient for all stakeholders.
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Now that you know the benefits of coworking spaces in Lagos, let’s look at the cheapest options with high quality.
5 cheap coworking space in Lagos
1. Workbay
Workbay is a coworking space in Lagos with multiple locations, including Maryland, Ikeja, and Lagos Island. They provide a comfortable and conducive place for businesses (irrespective of their sizes) to carry out their work activities.
Whether you need a virtual office, a desk, a meeting room, a private office, or just a cozy spot to relax with your workers, they have space options for you.
Their prices range from NGN 5,000 to NGN 150,000, so you can choose the space that suits your needs and budget. Workbay is all about helping you work better and grow in a nice environment.
2. My WorkSpace
My WorkSpace, situated in Ladipo Mushin, is a welcoming community for freelancers, startups, innovators, entrepreneurs, and business owners. This coworking space offers a variety of renting plans, with prices ranging from NGN 5,000 to NGN 300,000.
Additionally, it’s well-equipped with services and high-speed internet, making it an ideal environment for brainstorming, working, networking, and learning.
While they are open only on weekdays (Mon-Fri), My WorkSpace is in the heart of Lagos, designed to meet the needs of entrepreneurs seeking a conducive workspace.
3. Co-Creation Hub (CcHUB)
Co-Creation Hub (CcHUB) is an innovative hub in Lagos where people come together to work on new ideas and projects. It was established in 2010 and is a vital part of the city’s startup community.
CcHUB is in Yaba and has four floors in a six-floor building. On the sixth floor, tech experts, business owners, creative thinkers, and students can work together and try out new things.
Many fintech and online shopping companies use this space, and design companies are not left out either.
Additionally, CcHUB also hosts events like competitions and workshops. You can rent the space for a short period or a whole year, depending on what you need. It’s a great place for people with different ideas to come together and make things happen in Lagos.
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4. Impact Hub Lagos
Impact Hub Lagos is part of the global Impact Hub network and was established in 2017 to help Nigerian entrepreneurs.
It was founded by Solape Hammond and Bolaji Finnih, who pointed out that Nigerians had great business ideas but needed support.
This hub provides a serene environment to work, a community of people to connect with, events, and programs to help your business grow. It’s in a green area in Ikoyi and has coworking spaces, offices, a rooftop area, and even a place for working moms. It’s also eco-friendly, using solar panels to reduce its impact on the environment.
5. Leadspace
Leadspace was founded in 2016 by the Passion Incubator team and aims to help entrepreneurs. They saw that entrepreneurs need resources like a place to work, good internet, and support to carry out daily activities and succeed. They have coworking spaces in different locations including Yaba and Ojodu.
Additionally, their workspaces are designed to be colorful and inspiring with artwork featuring innovators like Steve Jobs and Bill Gates. They’ve also partnered with First City Monument Bank to create Hub One, featuring a serene design. Their spaces are open to businesses and they focus on helping people work and support each other.
