How Much Does a Commercial Elevator Cost?

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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.