UNLV Civic Center Office Building lease

At a glance

• What: Lease agreement for city-owned Civic Center Office Building office space to Board of Regents of Nevada System of Higher Education on behalf of UNLV
• Tenant: Board of Regents of Nevada System of Higher Education, on behalf of University of Nevada Las Vegas
• Location: 70 Bonneville Avenue (APN 139-34-201-027)
• Size: 16,435 square feet of third floor office space
• Landlord: City of Las Vegas
• Where it stands: Approved by City Council 7-0

Decision

City Council voted 7-0 on October 7, 2026, to approve the lease agreement between the City of Las Vegas and the Board of Regents of the Nevada System of Higher Education on behalf of UNLV. Resolution R-68-2026 finds the lease to be in the best interest of the public.

A market rent analysis was prepared by Southwest Property Consultants on September 23, 2026.

Councilman Knudsen disclosed he co-teaches in a doctoral program at the School of Environmental and Public Affairs at UNLV once a year and felt this did not impede his judgment, so he voted on the item.

Sources

• City Council minutes, October 7, 2026: https://lasvegas.primegov.com/Public/CompiledDocument?compileOutputType=1&meetingTemplateId=43458

Log

2026-10-07 - City Council

Council approved Resolution R-68-2026 and the lease agreement by 7-0 vote. Public hearing was held on the fair market rental value of the office space. Staff cited $36 per square foot, a 10-year initial term with two 5-year options and up to $2 million in tenant improvement incentive; workforce, chamber and state speakers supported it.