Retail Storefront Near Downtown
For Lease
Contact for pricing
45 W Jefferson St, Phoenix, AZ 85003
Retail storefront for lease on W Jefferson St with strong downtown demand, including an estimated 85,000 daytime population within one mile.
Space Size2,517 SF
Days on Market882
Property Features for 45 W Jefferson St
General Information
Standard status
Active
Size
2,517 SF
Property subtype
OFFICE
Lease Type
Full Service
Site & Location
Neighborhood
Central City
Spaces For Lease
at 45 W Jefferson St
Luhrs Tower
$28 – $30/SF/Yr
Floor
9
Size
2,517 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 space ranges from ±334 square feet to ±4,317 square feet. Full floor suites with private elevator landing are available.
- Asking rate ranges from $28.00 per square foot to $30.00 per square foot, Full Service Gross.
- Luhrs Tower, built by George Luhrs Jr in 1930, is a historic 14-story tower in downtown Phoenix.
- This Art Deco Office Building is centrally located on the Southeast corner of 1st Ave and Jefferson St, within walking distance of countless restaurants.
- Currently, the tower is undergoing renovations under new ownership.
- Updated lobby and improved common areas
- Move in ready suites with building standard improvements
- Light rail stop located adjacent to Luhrs Tower
- Covered parking conveniently located in the adjacent parking structure
Contact us
Listing Agency:
Colliers | Phoenix
(602) 222-5000
Listed By:
Phil Breidenbach, SIOR
(602) 418-2136
Source:
Moodyscre
Added: May 31, 2024
Changed: Oct 25
Last Checked: Oct 28 at 9:35AM
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
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Investment Insights
Based on property information with market context.
This retail storefront for lease is located at 45 W Jefferson St in Phoenix. The property is positioned to benefit from ongoing downtown activity and major adjacent redevelopment.
The location sits adjacent to CityScape, a 1.2 million square foot mixed-use project that includes 400-foot towers with Class A office space, retail, residential units, and a boutique hotel. A Marriott Hotels 19-story, 320-room hotel is now open adjacent to Luhrs City Center.
Additional nearby drivers of foot traffic include the Maricopa County Courthouse, directly west across 1st Avenue, following a $360 million makeover and expansion. The area also includes multiple performance venues and an estimated 7 million downtown visitors tied to sporting and cultural events, conventions, trade shows, and other activities.
The location sits adjacent to CityScape, a 1.2 million square foot mixed-use project that includes 400-foot towers with Class A office space, retail, residential units, and a boutique hotel. A Marriott Hotels 19-story, 320-room hotel is now open adjacent to Luhrs City Center.
Additional nearby drivers of foot traffic include the Maricopa County Courthouse, directly west across 1st Avenue, following a $360 million makeover and expansion. The area also includes multiple performance venues and an estimated 7 million downtown visitors tied to sporting and cultural events, conventions, trade shows, and other activities.
Key Highlights
- Retail storefront for lease on W Jefferson St
- Estimated 85,000 daytime population within one mile
- Adjacent to CityScape: 1.2 million SF mixed‑use with 640,000 SF Class A office, 150,000 SF retail, 224 residential units, and a 242‑room boutique hotel
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$4.20 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,724
Businesses Nearby
Explore this area
Business Placement
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
$20.28 /SF/Yr
Avg Asking Price
$2.65–$40 /SF/Yr
Price Range
6,057 SF
Avg Space Size
This space is priced 38% above the average of $20.28 /SF/Yr.
Vacancy Rate% for Retail in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Retail space - Retail storefront for lease on W Jefferson St with strong downtown demand, including an estimated 85,000 daytime population within one mile.
Where is this retail space 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: Retail storefront for lease on W Jefferson St; Estimated 85,000 daytime population within one mile; Adjacent to CityScape: 1.2 million SF mixed‑use with 640,000 SF Class A office, 150,000 SF retail, 224 residential units, and a 242‑room boutique hotel
