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.
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.