The cost of a commercial elevator ranges from $75,000 to $150,000 for larger buildings and from $20,000 to $28,000 for buildings up to two or three stories, as of September 2014. Many factors affect the cost of elevators, including the size, number of floors it can access, the basic design and safety features. Other aspects that influence the price of commercial elevators include installation charges and maintenance fees.
The powering system used and the elevator's operating mechanism can also affect its cost. Common types of operating systems are AC, hydraulic and DC systems. Elevators using the hydraulic powering system are very efficient in terms of lifting motion. Another factor that impacts the cost of commercial elevators is the stage of construction in which the installation occurs. Elevators installed after the construction of a building is complete cost more compared to those installed during the time of construction.
Customized commercial elevators can cost more or less than standard commercial elevators. Some of the factors that increase or decrease the cost of custom specified elevators include the type and quantity of the materials used, the elevator's design, the total capacity and the maintenance costs. A qualified contractor can give a detailed list of the expected cost of the commercial elevators depending on the plan and client’s specifications.