Nigeria Property Centre

Serviced and Unfurnished Commercial Property for Rent in Lekki, Lagos

There are 248 commercial property for rent in Lekki as of 24 Aug 2026, with an average price of ₦10M. Every listing is posted by an estate agent or developer you can contact directly — filter by price, type, furnishing and recency to find the right home.

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Premium Plus Top promoted listing
One Available Luxury Ensuite Big Space
1 photo
₦300,000 per sq.m / p.a.

Plaza / complex / mall for rent

One Available Luxury Ensuite Big Space

We are delighted to present this absolutely stunning luxury ensuite shop in the heart of Lekki Phase 1, overlooking Tantalizers and the Redeemed Christian Church, and boasting one of the largest parking spaces in Lekki Phase 1. Key Features 1. Located on Admiralty Road at the very centre of Lekki Phase 1, overlooking AP Filling Station and Redeemed Christian Church of God. 2. Well finished to the highest degree of excellence 3. Every shop is ensuite 4. CCTV 5. Treated Water 6. Ample Parking Space for shop owners and customers 7. Standby generators 8. Separate power consumption meter for each shop 9. Security officers from a reputable security firm

Admiralty Road,, Lekki Phase 1, Lekki, Lagos
1 Toilets 115 sqm

Lekki Centre

650SQM, 350SQM, 300SQM, 200SQM Open Plan Office Space on 1ST&2ND Floor — Off Admiralty Way, Lekki Phase 1, Lekki, Lagos
Premium
12 Video
₦100,000 per sq.m / p.a.

Office space for rent

650SQM, 350SQM, 300SQM, 200SQM Open Plan Office Space on 1ST&2ND Floor

Serviced Open Plan Office Space on 1st floor and second floor. Location: Lekki Phase 1 -Sizes: 650sqm, 300sqm, 350sqm on 1st floor -Sizes: 200sqm,150sqm on 2nd floor -Rent: N100k per sqm. -Service charge inclusive of power: N100k per sqm Service charge includes (power, diesel, water, central hvac system, security, surveillance and cleaning of common areas) Features: -Kitchen -Toilets -Ample Parking Space

Off Admiralty Way, Lekki Phase 1, Lekki, Lagos
4 toilets
Forte Estate Agency
318SQM Open Plan Office Space on the 1st Floor — Lekki Phase 1, Lekki, Lagos
Premium
10
₦110,000 per sq.m / p.a.

Office space for rent

318SQM Open Plan Office Space on the 1st Floor

318Sqm Open Plan Office Space On 1st Floor. -Location: Off Admiralty Way, Lekki Phase 1 -Rent: ₦110,000 per square meter per annum -Service Charge ₦15,500.00 per meter square per annum (Exclusive of power) -Refundable Deposit (5%) 5% of the total rent -Agency Fee (10%) 10% of the total rent -Legal Fee (10%) 10% of the total rent Note: Term of two (2) years. The first year is payable upfront with Post Dated Check Of 2nd Year. Features ️-Open plan layout ️-5 Parking Spaces ️-Six Dedicated Toilets -Kitchenette ️-Two Elevators -24 Hours mannered security ️-Main staircase plus fire escape staircase / Emergency exit -Fire hydrant -Well secured and serene environment -facility management amenities ️-Dedicated transformer ️-Two standby generators ️-Industrial borehole, with Water treatment plant -Sewage treatment plant

Lekki Phase 1, Lekki, Lagos
6 toilets 5 Parking
Forte Estate Agency
Open Plan Office Space — Admiralty Way, Lekki Phase 1, Lekki, Lagos
Premium
2 Video
₦320,000 per sq.m / p.a.

Office space for rent

Open Plan Office Space

Open Plan Office Spaces 150sqm & 208sqm - ground floor 900sqm : 1st Floor -Location: Lekki Phase 1 -Rent:N320k/sqm -Sc: N50k/sqm Power: grid+gen Caution: 10% Agent: 10% Legal: 10% -Key Features Car spaces Toilet Kitchenette Individual meter A/c Lifts Amenities: -Wheel chair -accessibility -General reception area -Concierge service desk -Central cooling system -Access control features -Kitchenette -Solar powered -Fire sprinkle system -Treated water -CCTV 24-hour security surveillance -Sauna room -Indoor Gold simulator -Yoga studio -Creche -Gym -16 people Conference -Admiralty Way

Admiralty Way, Lekki Phase 1, Lekki, Lagos
Forte Estate Agency
398SQM, 540SQM and 970SQM Open Floor Plan Office Space on the 3rd Floor — Lekki Phase 1, Lekki, Lagos
Premium
9
₦350,000 per sq.m / p.a.

Office space for rent

398SQM, 540SQM and 970SQM Open Floor Plan Office Space on the 3rd Floor

398sqm, 540sqm, 970sqm Open floor plan office space on 3rd floor Total Floors: 7 floors spaces: 3rd Floor - 970sqm (1155sqm with terraces) 5th Floor - 1100sqm (1320 sqm with terraces) - Year of Completion: Dec 2024 - Property Type: Premium Grade a Offices -Rent: N350,000 per sqm -Service Charge: N24,750 per sqm -Power: N10,000.00 per sqm (ENERGY bill - The Energy bill is calculated based on the Lessee's usage measured by check-meter) contractual term - a minimum of Two (2) years lease. (LISTED prices subject to NEGOTIATION) key amenities - 120 on-site car parking spaces - Café & outdoor seating - 3.85m floor-to-ceiling heights - 2 passenger lifts - Disabled access - High space efficiency - Double Volume Reception area - High fibre-optic internet provision - On-site facility management Feature: -Dedicated 1megawatt Transformer - 1 unit of 300 kva Generating Set -2units of 200kva Generating Sets - 2 units of 8 Passenger Lifs - 1 main stairwell and 2 Fire escape stairwells - Facility Management - Borehole and Water Treatment Plant - Sewage Treatment Tanks and Plant - Central Air-Conditioning System with multiple Floor by Floor Controls - Fire Control panels - Automatic Fire Fighting Alarm System - Fire Fighting Hose Reels - Underground Water Storage Tank - 24/7 Security - General Reception Area - CCTV in Common Parts -Balcony / Terraces

Lekki Phase 1, Lekki, Lagos
Forte Estate Agency
147SQM Open Plan Office Space — Lekki, Lagos
Premium
9
₦16,170,000 /yr

Office space for rent

147SQM Open Plan Office Space

Now renting 147sqm open plan office space for rent Location: Lekki phase one, Lagos Rent = 110,000 per sqm = N16,170,000.00 (Slightly Negotiate) Service charge: 50,000 per sqm = #7,350,000.00 Agency fee: 10% of Rent Legal Fees: 5% of Rent Service charge covers all preventive and corrective maintenance. Only electricity charges will be paid monthly based on the consumption as recorded on the check meter attached to the office space.

Lekki, Lagos Added yesterday
147 sqm
Propertiesbysteph
6 Rooms Office Space, 3 Regular and 3 Large — Lekki Phase 1, Lekki, Lagos
Premium
10
₦25,000,000 /yr

Office space for rent

6 Rooms Office Space, 3 Regular and 3 Large

For Rent Lekki Phase 1 6 Rooms office space for rent , 3 regular and 3 large Rent: 25m Legal: 10% Agency: 10% Service charge: 1.5m exclusive power and diesel Kindly call or send a WhatsApp text for more inquiries. 08087660265

Lekki Phase 1, Lekki, Lagos
2 baths 3 toilets
Adams Realties
Open Plan Office Space / Shop (35SQM) All Purposes (1st Floor) — Arobieke Victoria, Off Admirality Way, Lekki Phase 1, Lekki, Lagos
Premium
9
₦15,000,000 /yr

Commercial property for rent

Open Plan Office Space / Shop (35SQM) All Purposes (1st Floor)

Semi-direct brief: Open Plan office / Showroom / Shop Space + store space with inbuilt Toilet. (35sqm) on 1st floor Directly facing the busy enviornment. Location: @ Victoria Arobieke street, Off Admiralty Way, Lekki Phase 1, Lagos. Rent: ₦15m per annum Service charge: ₦1.2m per annum Agency Fee: ₦10% Agreement: ₦10% Suitable: Pharamcy, Corporate office space, pick-up center, Shop, E.t.c

Arobieke Victoria, Off Admirality Way, Lekki Phase 1, Lekki, Lagos
1 bath 1 toilet 2 Parking 35 sqm
First Homes
48 SQM Open Floor Commercial Space with Bathroom/ Toilet 2nd Floor — Lekki Phase 1 Proper, Lekki Phase 1, Lekki, Lagos
Premium
5
₦8,500,000 /yr

Plaza / complex / mall for rent

48 SQM Open Floor Commercial Space with Bathroom/ Toilet 2nd Floor

Available to let: 48 SQM open floor commercial space with bathroom/ toilet on second floor location: Strictly facing a very busy road, in the heart of Lekki Phase 1 proper, Lagos, Nigeria. Rent: N8,500,000 Agency: Legal: RCD: basic S/C: Total: N11,325,000 Highlights: 48sqm Space ---comes with a store Room included probate toilet & bath on second floor, Full Glass front Display Suitable for: - Clothes Boutique - Mini Restaurant - Office Space - Tailoring Shop - And other suitable businesses

Lekki Phase 1 Proper, Lekki Phase 1, Lekki, Lagos
1 bath 1 toilet 48 sqm
Property Nerds Management
Executive Shop Facing Busy Road — Lekki Phase 1, Lekki, Lagos
Premium
4
₦3,500,000 /yr

Commercial property for rent

Executive Shop Facing Busy Road

Rent: 3.5m Service charge: 500k Caution: 5% Legal 10% Agency 10% Light/Diesel: pay as you use (individual meters are provided for all Tenants) Location: off Admiralty way, Lekki phase 1.

Lekki Phase 1, Lekki, Lagos
Lawrence Platinum Limited
Warehouse with Attached Offices — Lekki, Lagos
Premium
3
₦60,000,000 /yr

Warehouse for rent

Warehouse with Attached Offices

Warehouse to let --- chevron / VGC area, lekki 2,540 sqm built warehouse Modern attached offices Gated, secure estate Rare warehouse space in a prime Lekki location, offering 2,540 sqm of built warehouse with very high ceiling clearance and modern office accommodation attached --- a complete operating base rather than storage alone. Ample external space on all sides allows full truck manoeuvring, with three secure gates serving the warehouse directly. Sited within a gated estate monitored 24 hours by estate security. - 2,540 sqm built warehouse - Very high ceiling clearance - Modern, newly constructed attached office spaces - Ample surrounding space for truck access and turning - Two secure warehouse gates - 24-hour estate security, controlled estate entry - Staff quarters available by separate negotiation - Easy access to Chevron roundabout and the Lekki-Epe Expressway Enquiries: +234 811 383 4417 - +234 803 301 5046 - 070 539 78454

Lekki, Lagos
6 Parking
Eleganza
Shop Space for Boutique — Fola Osibo Street, Lekki Phase 1, Lekki, Lagos
Premium
1
₦10,000,000 /yr

Shop for rent

Shop Space for Boutique

𝐑𝐞𝐧𝐭 10m 𝐀𝐠𝐞𝐧𝐜𝐲 𝐟𝐞𝐞 𝟏𝟎% 𝐋𝐞𝐠𝐚𝐥 𝐟𝐞𝐞 𝟏𝟎% 𝐂𝐚𝐮𝐭𝐢𝐨𝐧 𝐟𝐞𝐞 𝟭𝟬% 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐜𝐡𝐚𝐫𝐠𝐞........ 500k 𝗩𝗶𝗱𝗲𝗼 𝗶𝘀 𝗮𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲 𝗼𝗻 𝗿𝗲𝗾𝘂𝗲𝘀𝘁 =𝗔𝗰𝗰𝗲𝘀𝘀𝗶𝗯𝗹𝗲 𝗿𝗼𝗮𝗱 =𝘀𝗲𝗿𝗲𝗻𝗲 𝗮𝗻𝗱 𝗯𝗲𝗮𝘂𝘁𝗶𝗳𝘂𝗹 𝗲𝗻𝘃𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁 =𝗚𝗼𝗼𝗱 𝘀𝗲𝗰𝘂𝗿𝗶𝘁𝘆 =𝗚𝗼𝗼𝗱 𝗥𝗼𝗮𝗱 =𝗦𝗲𝗿𝗲𝗻𝗲 𝗮𝗻𝗱 𝗕𝗲𝗮𝘂𝘁𝗶𝗳𝘂𝗹 𝗲𝗻𝘃𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁 =𝘀𝗲𝗰𝘂𝗿𝗲𝗱 𝗲𝗻𝘃𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁 =𝗜𝗻𝘁𝗲𝗿𝗹𝗼𝗰𝗸𝗶𝗻𝗴 𝗿𝗼𝗮𝗱 =𝗖𝗹𝗲𝗮𝗻 𝘄𝗮𝘁𝗲𝗿 𝐅𝐎𝐑 𝐌𝐎𝐑𝐄 𝐈𝐍𝐅𝐎𝐑𝐌𝐀𝐓𝐈𝐎𝐍 𝐀𝐍𝐃 𝐕𝐈𝐄𝐖𝐈𝐍𝐆.... 𝐏𝐥𝐞𝐚𝐬𝐞 𝐂𝐨𝐧𝐭𝐚𝐜𝐭: 𝐉𝐎𝐄 𝐁𝐋𝐄𝐒𝐒 𝐇𝐎𝐌𝐄𝐒 𝐀𝐍𝐃 𝐏𝐑𝐎𝐏𝐄𝐑𝐓𝐈𝐄𝐒 𝟎𝟖𝟎𝟔𝟔𝟓𝟎𝟏𝟗𝟗𝟔.

Fola Osibo Street, Lekki Phase 1, Lekki, Lagos
1 toilet
Joe Bless Homes and Properties
Shop — Fola Osibo Street, Lekki Phase 1, Lekki, Lagos
Premium
1
₦8,500,000 /yr

Shop for rent

Shop

𝐑𝐞𝐧𝐭 8.5m 𝐀𝐠𝐞𝐧𝐜𝐲 𝐟𝐞𝐞 𝟏𝟎% 𝐋𝐞𝐠𝐚𝐥 𝐟𝐞𝐞 𝟏𝟎% 𝐂𝐚𝐮𝐭𝐢𝐨𝐧 𝐟𝐞𝐞 𝟭𝟬% 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐜𝐡𝐚𝐫𝐠𝐞........ 500k 𝗩𝗶𝗱𝗲𝗼 𝗶𝘀 𝗮𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲 𝗼𝗻 𝗿𝗲𝗾𝘂𝗲𝘀𝘁 =𝗔𝗰𝗰𝗲𝘀𝘀𝗶𝗯𝗹𝗲 𝗿𝗼𝗮𝗱 =𝘀𝗲𝗿𝗲𝗻𝗲 𝗮𝗻𝗱 𝗯𝗲𝗮𝘂𝘁𝗶𝗳𝘂𝗹 𝗲𝗻𝘃𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁 =𝗚𝗼𝗼𝗱 𝘀𝗲𝗰𝘂𝗿𝗶𝘁𝘆 =𝗚𝗼𝗼𝗱 𝗥𝗼𝗮𝗱 =𝗦𝗲𝗿𝗲𝗻𝗲 𝗮𝗻𝗱 𝗕𝗲𝗮𝘂𝘁𝗶𝗳𝘂𝗹 𝗲𝗻𝘃𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁 =𝘀𝗲𝗰𝘂𝗿𝗲𝗱 𝗲𝗻𝘃𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁 =𝗜𝗻𝘁𝗲𝗿𝗹𝗼𝗰𝗸𝗶𝗻𝗴 𝗿𝗼𝗮𝗱 =𝗖𝗹𝗲𝗮𝗻 𝘄𝗮𝘁𝗲𝗿 𝐅𝐎𝐑 𝐌𝐎𝐑𝐄 𝐈𝐍𝐅𝐎𝐑𝐌𝐀𝐓𝐈𝐎𝐍 𝐀𝐍𝐃 𝐕𝐈𝐄𝐖𝐈𝐍𝐆.... 𝐏𝐥𝐞𝐚𝐬𝐞 𝐂𝐨𝐧𝐭𝐚𝐜𝐭: 𝐉𝐎𝐄 𝐁𝐋𝐄𝐒𝐒 𝐇𝐎𝐌𝐄𝐒 𝐀𝐍𝐃 𝐏𝐑𝐎𝐏𝐄𝐑𝐓𝐈𝐄𝐒 𝟎𝟖𝟎𝟔𝟔𝟓𝟎𝟏𝟗𝟗𝟔. Awe

Fola Osibo Street, Lekki Phase 1, Lekki, Lagos
1 toilet
Joe Bless Homes and Properties
Shop Space with Store Room — Lekki Phase 1, Lekki, Lagos
Premium
8
₦8,500,000 /yr

Shop for rent

Shop Space with Store Room

Spacious Shop Space ---comes with a store Room included probate toilet & bath --- Excluding Pharmacy Perfect for: - Clothes Boutique - Mini Restaurant - Office Space - Tailoring Shop - And other suitable businesses Location: Strictly facing a very busy road, in the heart of Lekki Phase 1 Rent: ₦8,500,000 Agency Fee: 10% --- ₦850,000 ️ Legal Fee: 10% --- ₦850,000 Caution Fee: 5% --- ₦425,000 ️ Service Charge: ₦700,000 Subtotal: ₦11,325,000 Serious Clients Only Inspection Available Kelv..

Lekki Phase 1, Lekki, Lagos
1 bath 1 toilet
Big Sonz Enterprise
A Very Spacious Commercial Shop (Ground Floor) — Fola Osibo, Lekki Phase 1, Lekki, Lagos
Premium
7
₦6,000,000 /yr

Commercial property for rent

A Very Spacious Commercial Shop (Ground Floor)

A spacious commercial space facing a busy road available for rent!! Location: Fola Osibo, Lekki phase1. Price: N6M per annum Other Charges: - Agency 10% - Legal 10% - Service charge: N500K - Refundable caution deposit: Features: - Two toilets available - Boss's Office available - Steady Electricity Supplies - 24 Hours Security - Stamp Concrete Floor - CCTV Camera 08164276682 [email protected]

Fola Osibo, Lekki Phase 1, Lekki, Lagos
1 bed 2 toilets 5 Parking
Deola Luxe Realty Limited
Shop Space — Igbo Efon, Lekki, Lagos
Premium
6 Video
₦2,000,000 /yr

Plaza / complex / mall for rent

Shop Space

Shop space available for rent in Igboefon, Lekki. 2nd Floor Rent: ₦2M Service Charge: ₦200K Legal: 10% Agency: 10% Refundable Caution: 10% DM for enquiries and inspection.

Igbo Efon, Lekki, Lagos
1 toilet 2 Parking
Amani Realty
Shop Space — Lekki County, Ikota, Lekki, Lagos
Premium
16 Video
₦15,000,000 /yr

Shop for rent

Shop Space

Premium Property Available for Rent a well-positioned property in a serviced mall, offering a comfortable and secure living experience. Rent: ₦15M (Negotiable) Service Charge: ₦6M Legal Fee: 10% Agency Fee: 10% Caution Fee: 10% Service charge covers: Security, diesel, compound cleaning, generator maintenance, water treatment, lawma, mall management, electrical & plumbing maintenance, and sewage evacuation. Send a DM to schedule an inspection or make further enquiries.

Lekki County, Ikota, Lekki, Lagos
6 toilets 2 Parking
Amani Realty
Shop Space — Igbo Efon, Lekki, Lagos
Premium
4 Video
₦3,000,000 /yr

Shop for rent

Shop Space

Shop Space for Rent -- Igboefon-Lekki A well-positioned commercial shop space is available for rent in Igboefon-Lekki, Lagos. Strategically located close to the expressway, this property offers excellent accessibility and visibility, making it suitable for a wide range of businesses including retail stores, offices, boutiques, and other commercial ventures. Property Details: Location: Igboefon, Lagos Rent: ₦3,000,000 per annum 🧾 Service Charge: ₦375,000 Agency Fee: 10% ️ Legal Fee: 10% Caution Fee: 10% This is an excellent opportunity to secure a commercial space in one of Lagos' rapidly developing business corridors. For enquiries and inspection bookings, kindly call or WhatsApp: 07049316852.

Igbo Efon, Lekki, Lagos
1 toilet 1 Parking
Amani Realty
Office Space in a Serene Environment — Idado, Lekki, Lagos
Premium
10 Video
₦10,350,000 /yr

Office space for rent

Office Space in a Serene Environment

Premium 115sqm office space available on the 3rd floor (right wing) in Idado, Lekki. The office features large windows facing the expressway, providing excellent natural light and visibility. Suitable for corporate offices, consulting firms, tech companies, creative agencies, and other professional businesses. Property Details: Size: 115sqm Location: Idado, Lekki Floor: 3rd Floor (Right Wing) Expressway-facing windows Bright and well-ventilated workspace Financials: Rent: ₦10,350,000 per annum Service Charge: ₦2,300,000 per annum (exclusive of electricity) Agency Fee: 10% * Agreement Fee: 10% Contact us today to schedule an inspection or for more information.

Idado, Lekki, Lagos
2 Parking 115 sqm
Amani Realty
Office Space on the Ground Floor Close to Expressway — Ikota, Lekki, Lagos
Premium
7 Video
₦7,500,000 /yr

Office space for rent

Office Space on the Ground Floor Close to Expressway

Ground Floor Commercial Space for Rent -- Ikota Strategically located ground floor office/shop space facing the expressway in Ikota, offering excellent visibility and easy access. Suitable for offices, retail outlets, pharmacies, showrooms, banks, restaurants, and other commercial businesses. The location enjoys high traffic, making it ideal for businesses looking to attract walk-in customers and increase brand visibility. Rent: ₦7,500,000 per annum Service Charge: ₦850,000 Agency: 10% Legal: 10% Caution Fee: 10% Contact for inspection and more details.

Ikota, Lekki, Lagos
1 toilet 2 Parking
Amani Realty
Spacious Commercial Space Directly Facing a High-Traffic Road — Fola Osibo, Lekki Phase 1, Lekki, Lagos
Premium
9
₦8,500,000 /yr

Shop for rent

Spacious Commercial Space Directly Facing a High-Traffic Road

Spacious Commercial Space Directly Facing a High-Traffic Road A rare opportunity to secure a strategically located commercial space facing a very busy major road. Massive Visibility Heavy Daily Traffic Excellent Business Exposure Serious Clients Ready Advantage Rent: ₦8.5M Agency: 10% Legal: 10% Service Charge: ₦500K Caution fee: 5% This space will not stay long on the market. Serious and ready clients only. Inspection and Enquiries, Please Contact Adeola - 08164276682/ +234 708 139 2769 /WhatsApp

Fola Osibo, Lekki Phase 1, Lekki, Lagos
1 bath 1 toilet 4 Parking 55 sqm
Deola Luxe Realty Limited

Showing 1–21 of 248 properties

Area Guide

About Lekki, Lagos

Lekki is a city located in the eastern part of Lagos. Lekki is a naturally formed peninsula, adjoining to its west Victoria Island and Ikoyi districts of Lagos, with the Atlantic Ocean to its south, Lagos Lagoon to the north, and Lekki Lagoon to its east; however, the city's southeast which ends at around the western edge of Refuge Island, adjoins the eastern part of Ibeju-Lekki LGA. 

The peninsula is approximately 70 to 80km long, with an average width of 10km. Lekki currently houses several Estates, gated residential developments, agricultural farmlands, areas allocated for a Free Trade Zone, with an airport, and a sea port under construction. The proposed land use master plan for the Lekki envisages the Peninsula as a "Blue-Green Environment City", expected to accommodate well over 3.4 million residential population and an additional non-residential population of at least 1.9 million.

Read the full area guide
FAQ

Frequently asked questions

The average price of serviced and furnished commercial property for rent in Lekki, Lagos is ₦10,000,000 per annum.

The price of the most expensive serviced and furnished commercial property for rent in Lekki, Lagos is ₦170,000,000 per annum.

The price of the cheapest serviced and furnished commercial property for rent in Lekki, Lagos is ₦200,000 per annum.

There are 248 available serviced and furnished commercial property for rent in Lekki, Lagos. You can view and filter the list of property by price, furnishing and recency.