Between 1991 and 1998, AT & T, an American telecoms company, saved more than $500m due to restructuring of its office space along virtual lines. Nigerian companies have a lot of lessons to learn from the AT & T considering the annual increase of office space rent in business cities such as Lagos, Kano, Ibadan and Port Harcourt. In Lagos, office space providers give out space to companies using square meter at a rate of N40, 000 ($127). A company, with 10 employees, needs 190sqm within average space category and expected to pay over N7 million annually while company which has 50 staff need 743sqm space amounted to over N29 million in business areas such as Lagos Island and Lekki. Average is the second most sought office space category by businesses.