Introduction
Makurdi, the capital city of Benue State, is evolving into a commercial and business center in North Central Nigeria. With its expanding population, active markets, and improving infrastructure, the demand for shop spaces continues to rise.
As a result, shop rent in Makurdi varies widely by location, shop size, and the level of business activity in the area. For entrepreneurs, traders, startups, and established businesses, understanding shop rent in Makurdi and its prices is essential for making the right location and budget decisions.
This comprehensive guide provides detailed information on shop rental prices in Makurdi, 2026 Market Update, the best areas to rent shops, factors affecting rent, and practical tips to help you secure the right shop space for your business.
Overview of Shop Rent and Pricing in Makurdi, 2026 Market Update
Rental prices for shops in Makurdi vary by location, size, visibility, road access, and the type of commercial environment.
Average Shop Rental Price Range in Makurdi
- Small neighborhood shops: ₦120,000 – ₦250,000 per year
- Medium roadside shops: ₦300,000 – ₦600,000 per year
- Prime commercial areas and plazas: ₦700,000 – ₦1.5 million+ per year
- Mall and premium retail spaces: charged per square meter, often higher due to foot traffic and security
Best Locations to Rent a Shop in Makurdi and Pricing, 2026 Market Update
Choosing the right location is one of the most important decisions when renting a shop. Below are the most commercially viable areas in Makurdi:
1. Shop Rent in Wadata Market area, New Garage, Ankpa Ward areas in Makurdi
Wadata, New Garage, and Ankpa Ward are among Makurdi’s active business zones. The steady foot traffic around this axis makes them attractive to traders and service providers. Shop rent ranges from ₦250,000 to ₦600,000 per annum, depending on size and exact location
Why Wadata Market Area Works?
Constant buyer flow from across Benue State. Ideal for wholesale and retail businesses, with a strong morning and afternoon sales cycle. Although mostly market-based, the surrounding streets and plazas now host rentable shops and business complexes.
Suitable businesses:
• Provision stores
• Foodstuff and grain sellers
• Clothing and footwear
• Spare parts dealers
• Retail outlets
• Autos/ spare part dealers
• Electronics and phone accessories
• Livestock and fish
• Warehouses and stores
Shop rent prices in Wadata:
• Small shops: ₦200,000 – ₦350,000 per annum
• Medium shops: ₦350,000 – ₦600,000 per annum
• Prime roadside shops: ₦600,000 and above per annum
Due to high demand, shops in the Wadata area are often rented out quickly.
2. Shop Rent in Wurukum Market Area
Wurukum market area is one of the busiest commercial areas in Makurdi, known for its vibrant market and transport activity. Therefore, areas around BSU, Gyado Villa, and Air Force Base road corridors are also high-traffic retail zones that attract business activity due to their proximity to Wurukum and easy transportation.
Why the Choice of Wurukum to rent a shop in Makurdi?
Massive daily foot traffic, Affordable shop rent, Proximity to universities and colleges. Increasing residential estates, Youth-centric spending patterns, Strong demand for everyday consumer goods, dense population, Nightlife and Evening Economy in Makurdi
Shops here are ideal for:
Provisions and grocery stores, Cafés and food businesses, Phone accessories and electronics, Fashion retail and household goods, Food items, Cyber café, Supermarkets, Pharmacy, Pos, Transport hubs, Tech repair shops and printing services
Shop rent prices:
• Average rent: ₦150,000 – ₦450,000 per annum
2. Shop Rent in High-Level, Makurdi
High-Level is a well-planned area combining residential and commercial activities. It is popular with service-based businesses and modern retail shops.
Why Rent a Shop in High-Level
Strong daytime foot traffic, Good road network, High business credibility, and visibility. There are commercial activities at night in High-level, Makurdi
Areas around High-level, Old Otukpo Road, and New Otukpo Road benefit from evening foot traffic.
Suitable businesses:
Commercial and Financial institutions, Pharmacies, fashion boutiques, electronics stores, Printing Press, Hotels, Eateries, and Supermarkets, Government offices, and corporate buildings thrive here
Shop rent prices in High-Level:
• Average shop rent: ₦300,000 – ₦600,000 per annum
Shops closer to major roads, Plaza and junctions usually attract higher rent due to better visibility and accessibility.
Prime commercial areas and plazas: ₦700,000 – ₦1.5 million+ per year
3. Shop Rent in North Bank, Makurdi
North Bank is one of Makurdi’s busiest routes, linking residential areas to the city center. It is becoming a preferred choice for entrepreneurs seeking affordable shop rent.
Suitable businesses:
• Schools, Colleges, University
• Food items, livestock
• Supermarkets, Medicine stores
• Boutiques, Auto/spare parts
• POS and fintech services
• Restaurants and cafes
Shop rent prices in North Bank:
• Small shops: ₦150,000 – ₦250,000 per annum
• Medium shops: ₦250,000 – ₦500,000 per annum
North Bank offers good value for money, especially for new businesses.
Key Benefits of Renting a Shop in North Bank Makurdi:
Excellent road visibility, Continuous vehicular movement, Suitable for showrooms and retail outlets. Road-facing shops command higher rent due to visibility, but often generate faster returns.
4. Shop Rent in Modern Market, Makurdi
Modern Market is another major trading hub with structured shop layouts and steady customer traffic.
Suitable businesses:
• Wholesale and retail trading
• Building materials
• Household items
Shop rent prices in Modern Market:
• Shop rent ranges from ₦150,000 – ₦500,000 per annum, depending on size and location within the market.
Factors That Affect Shop Rent in Makurdi
Several factors influence the cost of renting a shop in Makurdi:
1. Location
Shops located in busy commercial districts or along major roads cost more than those in inner streets.
2. Shop Size
Larger shops naturally attract higher rent, especially if they allow storage or multiple business operations.
3. Foot Traffic
Areas with high pedestrian movement and customer traffic usually have higher rental prices.
4. Infrastructure
Availability of electricity, good road access, water supply, and parking space can increase shop rent.
5. Security
Shops in secure environments or gated complexes often cost more but provide peace of mind for business owners.
Benefits of Renting a Shop in Makurdi
- Affordable rent compared to larger Nigerian cities
Growing customer base - Opportunities for small and medium enterprises
- Access to both urban and semi-urban markets
- Flexible rental agreements in many areas
Tips for Renting a Shop in Makurdi
- Inspect the shop before making any payment
- Confirm annual rent and additional charges like caution fees
- Ask about the electricity and water supply
- Ensure proper documentation or agreement is provided
- Choose a location that matches your business target market
Using trusted local platforms like Makurdi Biz helps reduce risks and connect you with verified shop listings.
Why Use Makurdi Biz to Find Shops for Rent?
Makurdi Biz is a local business directory designed to connect business owners with available commercial spaces. It allows users to:
- Search shops by location
Compare shop rent prices in Makurdi - Contact landlords or agents directly
- Advertise available shops for rent
Whether you are renting or listing a shop, Makurdi Biz provides visibility within the Makurdi business community.
Frequently Asked Questions (FAQ)
1. How much is shop rent in Makurdi?
Shop rent in Makurdi ranges from ₦150,000 to ₦600,000 per annum, depending on location, size, and demand.
2. Which area has the cheapest shop rent in Makurdi?
Areas like North Bank, Wadata, Ankpa ward, and some parts of Modern Market generally offer cheaper shop rent.
3. Which area is best for high sales?
Wadata Market and High-Level are ideal for businesses that rely on high customer traffic.
4. Is shop rent paid yearly in Makurdi?
Yes, most landlords collect one-year rent upfront, though some may request additional caution or service fees.
5. Can I find shops for rent online in Makurdi?
Yes. Platforms like Makurdi Biz make it easy to find and advertise shops for rent in Makurdi.
6. Are there extra fees apart from rent?
Some landlords may charge caution fees, agency fees, or service charges, so always ask before payment.
Future of Shop Rentals and Pricing in Makurdi
With ongoing urban growth, digital transformation, and rising entrepreneurship, Makurdi’s commercial property market is expected to expand steadily.
Areas currently considered secondary are likely to become prime business locations in the coming years, especially those featured early by platforms like Makurdi Biz.
Conclusion
Understanding shop rent in Makurdi and its prices is key to running a successful business in the city. With options ranging from busy markets to developing commercial areas, Makurdi offers flexible and affordable shop rental opportunities for different business needs.
For the latest listings, price comparisons, and verified shop spaces, Makurdi Biz remains a trusted platform for business owners and investors in Makurdi