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45 W Jefferson St, Phoenix, AZ 85003

Renovating historic office tower offers full-floor suites with private elevator landing and move-in-ready building improvements.

Space Size3,622 SF
Days on Market837

Property Features for 45 W Jefferson St

General Information

Standard status Active
Size 3,622 SF
Property subtype OFFICE
Lease Type Full Service

Amenities

updated lobby
improved common areas
light rail stop
covered parking

Building Details

Year Built 1930
Stories 14
Construction Art Deco

Spaces For Lease

at 45 W Jefferson St Contact us

Luhrs Tower $28 – $30/SF/Yr

Floor
3
Size
3,622 SF
Type
OFFICE
Lease Type
FULL_SERVICE
Availability
AVAILABLE, Now
Sublease
No
- Office space for lease in Luhrs Tower at 45 West Jefferson in Phoenix. Available...
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Listing Agency: Colliers | Phoenix
Listed By: Phil Breidenbach, SIOR
Source: Moodyscre
Added: May 31, 2024 Changed: Sep 9 Last Checked: Sep 13 at 5:55AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Phoenix

Investment Insights

Based on property information with market context.

Luhrs Tower, a historic 14-story Art Deco office building, is offering leased office space for a range of suite sizes. Full floor suites are available with private elevator landing, and the property is currently undergoing renovations under new ownership.

The tower is centrally located on the southeast corner of 1st Ave and Jefferson St in downtown Phoenix, within walking distance of restaurants. A light rail stop is located adjacent to Luhrs Tower, and covered parking is available in the adjacent parking structure.

The building’s updates include a refreshed lobby and improved common areas, along with move-in-ready suites with building-standard improvements.

Key Highlights

  • Office suites available from 334 SF to 4,317 SF in Luhrs Tower at 45 W Jefferson, Phoenix
  • Full‑floor suites feature a private elevator landing
  • Asking rate $28.00–$30.00 per SF, Full Service Gross

Property Analytics

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Open Analytics

Current Use

Coplex (Bike/Boat/Book/etc) Store Matthew F. Leathers, ... Law Firm Joel L Brand ... Law Firm Schreck Law Firm Law Firm Tony Verdugos Barber ... Barber Shop

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Grocery & Convenience Store Nail Salon Veterinary Clinic Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$4.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

4,724
Businesses Nearby

Demographics for 85003, AZ

11,042
Population
6,117
Households
1.8
Avg Household Size
37
Median Age
45%
College-Educated
87%
High-School Grad
1.9 sq mi
ZIP Area
5,812
Density / Sq Mi
$56,672
Median Household Income
$55,122
Median Earnings
$1,258
Median Rent
$577,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Phoenix, AZ

$17.83 /SF/Yr
Avg Asking Price
$1.16–$47 /SF/Yr
Price Range
7,984 SF
Avg Space Size

This space is priced 57% above the average of $17.83 /SF/Yr.

Vacancy Rate% for Office in Phoenix, AZ

14.4% 2019
19.3% 2020
21.7% 2021
24.3% 2022
27.4% 2023
28.5% 2024
26.5% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Renovating historic office tower offers full-floor suites with private elevator landing and move-in-ready building improvements.
Where is this office units located?
The property is located at 45 W Jefferson St Phoenix, AZ.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: Office suites available from 334 SF to 4,317 SF in Luhrs Tower at 45 W Jefferson, Phoenix; Full‑floor suites feature a private elevator landing; Asking rate $28.00–$30.00 per SF, Full Service Gross
(602) 418-2136 Call to check price and availability
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