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Historic Downtown Phoenix Office Space
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45 W Jefferson St, Phoenix, AZ 85003

Historic skyscrapers offering office and retail space in downtown Phoenix.

Space Size3,764 SF
Days on Market1415

Property Features for 45 W Jefferson St

General Information

Standard status Active
Size 3,764 SF
Class A
Total Parking Spaces 476
Property subtype Retail

Building Details

Building Size 3,764 SF
Year Built 1924
Tenancy Multiple

Spaces For Lease

at 45 W Jefferson St Contact us

Suite G & H

Size
3,764 SF
Type
Retail
Availability
Active
Contact us
Listing Agency: Phoenix Commercial Advisors
Listed By: Courtney Auther Van Loo · License #AZ
Source: Crexi
Added: Sep 26, 2022 Changed: Aug 8 Last Checked: Aug 8 at 4:28AM

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 Phoenix Commercial Advisors

Investment Insights

Based on property information with market context.

The Luhrs Building and Luhrs Tower, recognized as the city's first two skyscrapers, are listed on the Phoenix Historic Property Register. The Luhrs Building, which opened in 1924, was the tallest building in Arizona and the first major commercial office in Phoenix. The Luhrs Tower, which opened in 1930, became the state's tallest high rise. Located in downtown Phoenix at 45 W Jefferson St, Phoenix, AZ 85003, the properties offer both office and retail spaces.

Key Highlights

  • Located in the Luhrs Building, once Arizona's tallest.
  • Located in the Luhrs Tower, previously the state's tallest high rise.
  • On the Phoenix Historic Property Register.

Property 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 Nail Salon Veterinary Clinic Grocery & Convenience Store 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

Location Intelligence

Trade Area within ½ mile

5,101
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

Market

Lease Benchmarks for Phoenix, AZ

$25.71 /SF/Yr
Avg Asking Price
$11.95–$47 /SF/Yr
Price Range
23,091 SF
Avg Space Size

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
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Historic skyscrapers offering office and retail space in downtown Phoenix.
Where is this office building located?
The property is located at 45 W Jefferson St Phoenix, AZ.
What are key features of this property?
This property features: Located in the Luhrs Building, once Arizona's tallest.; Located in the Luhrs Tower, previously the state's tallest high rise.; On the Phoenix Historic Property Register.
(602) 373-5021 Call to check price and availability
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