How Much Does a Hydraulic 2-Stop Elevator Cost?

by Dean Dalvit on August 11, 2013

A very common question we get when designing multi-level commercial projects is: Will I need an elevator and how much will that cost? It can often be a deciding factor in going with multi-story design. Elevators come in all shapes and sizes, so I’ve decided to limit this post to hydraulic 2-stop elevator as this is the most common elevator in most light commercial applications.

First of all, the ADA (Americans with Disabilities Act) states clearly that all commercial space must be accessible. While some jurisdictions will take exception for certain types of occupancy and sometimes even allow alternatives to elevators for small areas of space on other levels, it is generally a good rule of thumb to assume that if you have multiple levels, you should plan on having an elevator.

The cost of a full commercial elevator is significant, as well as the space requirements in the plan for the shaft and equipment. Like all costs, there are variations for geographic location as well as trends in the economic market that can drive the cost. Below is a chart, courtesy of The Means Report, published by RSMeans, the industry’s leading construction cost estimating resource.

Cost of Hydraulic 2-Stop Elevator

The installed cost of these units range from $65,000 to $75,000, depending on the location, and the trend right now is in a down cycle. This data is also very consistent with installed costs for similar elevator units in projects that we have designed in both Colorado and Texas. The highest average cost for these units has reached over $90,000 in the last two years, and is likely to return to those levels in the future. If you are considering developing a commercial project, it is best to understand the impacts of all of the required systems to the overall budget before even starting the Schematic Design. This is one of the many services that we provide at EVstudio and we are happy to help you navigate the entire matrix of estimated costs in order to help you define your project.

Originally posted 2010-04-12 00:01:51. Republished by Blog Post Promoter

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{ 7 comments… read them below or add one }

Dean Dalvit May 12, 2014 at 8:19 am

Steve,
It sounds like a historic building, which often has some leniency on code requirements as long as you don’t change the use, but it’s tough to imagine that the local building department would approve anything but a code compliant elevator for a new use – especially an assembly use. With that said, a starting point for a two-stop elevator is going to be in the neighborhood of $50k-$60k. There are a host of variables from existing structure to construction logistics that will be unique to your building that would inform this cost. Best of luck!

steve May 12, 2014 at 6:24 am

Dean:
Are you aware of any circumstances under which it would be permissable to refurbidh an existing antique freight elevator for passenger use to gain access to the second floor of a 2 story building? The proposed use would be to get patrons, food and beverages from a first floor restaurant to a second floor banquet room. If not, can you provide me with an estimated price range to install a 6 to 8 passenger elevator in the existing shaft? I am doing my research to determine whether or not it could be feasible to also lease the 2,500 sq.ft. second story space above the restaurant. There would be a staircase accessing the space also. Thank you in advance for any thoughts you have on this. Steve

Dean Dalvit December 9, 2011 at 4:03 pm

Bob,

It certainly should be possible to install a new elevator in the existing shaft. Logistics would heavily influence the cost of that, but I would expect a new elevator to be anywhere from $60k-$80k installed, assuming typical building conditions and construction. Your best bet would be to contact an elevator rep directly as they can outline the possibilities and options for you. Best of luck!

Bob Tucker December 8, 2011 at 5:04 pm

I have an existing building with an old elevator and old elevator shaft. It is a two story building with a basement. I have removed the old elevator but I would like to put in a new one. Do you think this can be done; and if so what do you think the cost would be .. ball park. Thanks in advance.

Dean Dalvit October 24, 2011 at 7:33 am

Camilla,
Thank you for the kind words. We appreciate it.

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