SAVING ON ELEVATOR COSTS: A GUIDE FOR COMMERCIAL REAL ESTATE INVESTORS

Elevators are pivotal in ensuring the smooth operation of commercial properties. For commercial real estate investors and owners, efficient elevator management is key to minimizing operational costs and enhancing property value. Some strategies can be explored to save on elevator-related expenses, focusing on preventive maintenance, modernization, technological solutions, and stakeholder information.  Implementing these strategies can […]

NAVIGATING ELEVATOR AND ESCALATOR CHALLENGES: ENHANCING HOSPITAL OPERATIONS AND EMERGENCY RESPONSE

Hospitals and medical facilities face distinct challenges in managing elevators and escalators, which are crucial for hospital operations and medical office buildings. Given the fragmented nature of hospital operations across multiple locations, including primary and remote medical office buildings, maintaining seamless elevator and escalator operations becomes challenging with locations, year of installation, usage, equipment type, […]

WHAT IS ELEVATOR MANAGEMENT SERVICES

In an era where operational efficiency and cost optimization are not just goals but necessities, understanding and implementing effective elevator management services has become paramount for a wide array of stakeholders. From commercial real estate investors to hotel general managers and hospital facility directors, the need for streamlined, safe, and efficient vertical transportation systems is […]

Why You Should Consult an Elevator Expert Before Repairs

As the owner or manager of a building with elevators, one of your top priorities is keeping your elevators running efficiently, safely and reliably. But when problems arise, many owners simply call their elevator service provider right away to fix the issue. While this may seem like the fastest solution, there are usually additional measures […]

Elevator Consulting for Government Agencies: Navigating Accountability and Efficiency

In the realm of government building management, overseeing elevator systems presents a unique set of challenges, intensified by the need for strict compliance and fiscal responsibility. Commonly, government agencies rely on elevator service providers for both maintenance and inspections, a situation that can be likened to “letting the fox watch the henhouse.” This article delves […]

A Game-Changing Elevator Audit for a Nationwide Real Estate Firm

Navigating Elevator Management Across the Country At The Elevator Consultants (TEC), we understand that managing elevators in a diverse portfolio of properties across the country is no easy feat. This was precisely the challenge faced by a nationwide commercial real estate firm, managing 180 units. Regular elevator inspections were failing, and maintenance inefficiencies were causing […]

Transforming Elevator Management – A Major Property Management Company’s Success Story

Elevating Elevator Efficiency and Reliability In the complex world of property management, ensuring the efficient and effective maintenance of elevators is a critical, yet often daunting task. At The Elevator Consultants, we recently partnered with a prominent property management company, overseeing several elevators, to tackle their challenges head-on. Their story is not just a testament […]

Unlock the Secret to Stress-Free Elevator Management

Revolutionize Your Building’s Efficiency and Safety with Expert Elevator Oversight In the bustling world of property management, building ownership, and facility management, where every detail counts and every decision impacts your bottom line, elevator maintenance and management often take a backseat – until it becomes a pressing issue. Imagine transforming this overlooked aspect into a […]

ElevatorApp: Elevating Cost Efficiency and Compliance in Challenging Economic Times

In the face of 2023’s challenging economic landscape, commercial property managers, hospitals, retailers, condominium associations, hotels, and others are on a relentless quest to cut costs without compromising service quality or safety. The emergence of elevator monitoring software, such as the ElevatorApp, is proving to be a game-changer. The ElevatorApp offers a technology-driven solution that […]

How Regular Maintenance Can Prolong the Lifespan of Elevators

Elevator maintenance is essential, and it plays a key role to an elevator’s lifespan. Regular maintenance can ensure that elevators, escalators, lifts, and dumbwaiters will continue to operate safely and reliably. Regular maintenance will not only address immediate issues, it will also significantly contribute to prolonging the lifespan of the elevators. Elevator service providers will […]

Elevator Standards: Codes and Standards All Buildings Should Know

Elevators are an essential part of our daily lives, providing convenience and accessibility in buildings of all types. However, without adherence to strict standards, elevators can pose safety risks and limit accessibility for individuals with disabilities. In this article, we will provide some of the most important elevator standards that building owners should consider to […]

Elevator services overcharges

Today it is common for elevator consulting firms to witness several companies being overcharged for elevator services. Overcharges have always been common throughout the years, however in present times – it is a daily occurrence. It has always been common in certain industries, but has become a daily occurrence in all industries – whether it […]

Elevator Industry Trends

The elevator industry is a special industry unlike any other within a building with elevators – whether commercial real estate, hospital, retail, hotel, university, residential apartment and others. It is common for property managers and engineering to feel in the dark about the elevators, escalators and lifts. The building personnel rely on the elevator service […]

Dealing with Elevator Water Damage

Water damage can be a significant problem for building owners, especially when it affects essential systems such as elevators. If your building’s elevator has been exposed to water, it’s crucial to take immediate action to ensure the safety of everyone involved, address the damage, and navigate the insurance process effectively. Here are some important steps […]

Reliability-Centered Maintenance for Elevators in Your Buildings

Elevator cmAs a building owner or property manager, you know the importance of maintaining your elevators in the best condition. Elevators play an essential role in modern buildings, and their fully functional operation is necessary for the safety and comfort of users. However, more than traditional maintenance methods may be required to keep your elevators […]

You Have to Do an Elevator Modernization – Now What?

Now that you’ve decided to modernize your elevator, what next? Elevator modernization can be daunting and expensive for building owners and property managers. The first thing a building needs to do when faced with modernization is commit to a budget. Whether it’s a loan, allocated capital expenditure, or other scenario, the building must be sure […]

Things to Consider with an Elevator Maintenance Service Agreement: Frequency and Coverage

All buildings, whether hotels, retail stores, hospitals, universities, commercial real estate buildings, apartment buildings, condominium associations, malls, or other types, have an elevator service contract. At least they should all have one. An elevator maintenance service contract gives buildings a sense of comfort that their elevators, escalators, or lifts will be correctly serviced by the […]

Elevator Maintenance Checklist: What Building Owners Should Know   

As a building owner or property manager, it is your responsibility to ensure the safety and reliability of your elevators. Regular elevator maintenance is essential to ensure smooth, safe operation, and to prolong the lifespan of your elevators.  Using an elevator maintenance checklist can help you stay on track. This checklist typically includes tasks and inspections to ensure […]

New Elevator Installation in an Existing Building

Installing a new elevator in an existing building structure that did not previously have an elevator is a complex endeavor that requires extensive planning and preparation. Several key factors must be considered such as the requirements of the building, building codes and regulations, shaft dimensions, and capacities, to name a few.  Selecting the appropriate elevator […]

Residential Elevators vs. Commercial Elevators: What Is the Difference?

Elevators have revolutionized the way we navigate multi-story buildings, providing efficient vertical transportation solutions for a variety of settings. The use of elevators in buildings over two stories such as hotels, hospitals, and airports is common. Elevators are also used in private residential homes, too. Even though they are the same in principle, there are […]

Elevator Challenges Parts Availability & Elevator Modernization

The phrases “You need to modernize,” “We can’t get your parts,” and “Your equipment is too old” have become all too familiar for owners and managers of buildings with elevators these days. It is prevalent across buildings of every size and affects organizations nationwide, prompting building owners and managers to seek solutions. So, what do […]

Behind-the-Scenes Value of Hiring an Elevator Consultant

Today, we are sharing an example that highlights the behind-the-scenes value of hiring an elevator consultant. Let’s set the stage – XYZ Building is a high-rise building located downtown with twenty-two elevators, managed by Mr. Jones. Mr. Jones has been struggling with increasing elevator maintenance costs and is frustrated by trying to decipher the elevator […]

Extravagant Prices in the Elevator Industry

In recent years, inflated pricing has become more common, raising concerns across numerous industries. This can be attributed to factors such as supply chain issues, a mixture of labor challenges, or just pure unfair pricing practices. While unethical business practices are commonly associated with essential goods during times of crisis, such as fuel, medicines, food, […]

Why Hire an Elevator Consultant

Property managers and building owners face ever-increasing challenges in optimizing building performance while maximizing return on investment. Elevators are an integral component of modern buildings and play a crucial role in the operations of the building including tenant satisfaction, operational efficiency, and overall performance. To navigate this dynamic landscape and ensure optimal elevator performance, hiring […]

Elevators: An Area where Commercial Real Estate Can Cut Cost

Empty storefronts and offices are everywhere. The economic impact of the COVID-19 pandemic and the ensuing trend of offices shifting to remote work or hybrid arrangements has created unprecedented building vacancies. The CoStar Group reports that 12.9% of office space is vacant—an all-time high—and the office space availability rate is at an all-time high of […]

3 Ways Elevator Consulting Services Can Help in Today’s Economy

The news is splattered with the challenges commercial buildings are facing. The post-pandemic work-at-home trend leaves commercial real estate buildings with the same operating costs as before but less revenue. The Elevator Consultants clients are asking how elevator consulting services can help. Regarding elevators and escalators, there are a few steps property managers can review: […]

Buildings can solve their elevator issues with an elevator consultant

Elevators are pivotal to any building; therefore, it is imperative to keep them running. Today’s labor shortages make it even more challenging for buildings to maintain elevator service because elevators require specialized skills to maintain. Building managers have historically had concerns with elevators being serviced consistently, and with the current labor and economy, it has […]

Navigating the proposal process for elevator work

With increasing frequency, building property managers and owners are getting proposals for work to be done on their elevators. When this happens, buildings can often have several questions, such as these: Is this elevator proposal covered in my contract? This proposal is so expensive. Do I have to pay for this proposal? Is this scope […]

Out with the Old, In with the New: Strategies for Elevator Modernization

The lifespan of an elevator depends on many different factors, but on average, elevators can last at least 25 years. At some point, a building will need to consider if it’s time for elevator modernization. Elevator modernization consists of updating or replacing existing equipment and parts such as controllers, machines, and doors (among others). There are […]

Three Things Hospitality Hotels Can do to Save Cost Immediately 

In today’s times, the cliché doing more with less has never been so true; life just isn’t the same. We all wear multiple hats with less staff and more responsibilities while managing procedural changes and working within a budget. One significant opportunity to reduce your costs and headaches is to look at the elevators and […]

Poor Elevator Maintenance and Service Are Bleeding Hotel Building Budgets

The Elevator Consultants (TEC) has worked with hundreds of buildings with elevators and building owners’ concerns are typically the same. They were told by their elevator company some version of “You need a modernization”, “We can’t find parts”, “You need an outrageous repair”, and the most dreaded, “It’s not covered.”  The hospitality industry has been […]

Three Things Buildings Can do to Save Elevator Cost Immediately

In today’s tumultuous and fast-paced times, the cliché “doing more with less” has never rung so true. We all wear multiple hats with less staff, more responsibilities, procedural changes, and the pressure to work within a budget. One significant cost-saving measure is to optimize the performance and reliability of the elevators and escalators in your […]

Top 7 Considerations as Buildings Operate amid the Pandemic

CHICAGO—December 31, 2020 The COVID-19 public health crisis has changed almost every aspect of our lives, including how we use buildings. These days, it’s important to accommodate a building’s changing needs while keeping everyone safe. Acting as the building’s main artery, elevators play an essential role in managing the risk of COVID-19 transmission. Although there […]

The Elevator Consultants Releases The Elevator Playbook to Help Building Owners and Property Managers Keep Their Elevators & Escalators Operationally Efficient

CHICAGO—December 13, 2019—The Elevator Consultants has created a playbook offering step-by-step guidance for building owners and property managers to assist in managing their elevators, escalators and other vertical transportation equipment. The Elevator Playbook is packed with information and everything you always wanted to know and things you should know about your vertical transportation. When elevators […]

7 Quick Steps for Commercial Buildings to Reduce Elevator Operating Costs

CHICAGO—September 17, 2019—The Elevator Consultants has announced a list of seven easy steps property managers can take to reduce operating costs within 60 days. In commercial real estate, buildings are complex entities, subject to constantly changing standards and regulations, and managing these properties is a cost- and labor-intensive endeavor. The Elevator Consultants (TEC) is a […]

The Elevator Consultants Reminds Buildings to Let Elevators Evolve

CHICAGO—May 21, 2019—The Elevator Consultants (TEC), a leading global elevator consulting firm, advises building owners, developers, architects, and others involved with commercial real estate to be sure to factor elevators, escalators and vertical transportation into the growth and evolution of their properties. As human societies have developed, the way we have constructed and used buildings […]

Three Key Strategies Buildings with Elevators Want To Adopt

The Elevator Consultants has offered up strategic best practices for owners with elevators in their buildings in response to several elevator and escalator-related incidents nationwide. Following incidents such as Chicago’s Hancock Building elevator plunging 84 floors in November 2018, a Texas hospital employee seriously injured in an elevator accident and the housekeeper who was trapped […]

Elevator Cost Reduction

The number one issue driving up elevator costs for building owners is elevator maintenance contracts that aren’t being fulfilled. Elevator service providers have standard maintenance agreements that include terms for regular servicing and maintaining the equipment. This regular maintenance is critical for eliminating costly repairs, ending deferred maintenance, and for maintaining the life and safety […]

The Elevator Consultants, a Leading Vertical Transportation & Elevator Consulting Firm, Post ASME A17.1/CSA B44 Responsibilities

March 31, 2018 – Chicago, Illinois. The Elevator Consultants, a leading elevator consulting and vertical transportation consulting firm helping building owners and property managers to improve elevator efficiency and increase the bottom line, is proud to announce an important post to its blog on ASME A17.1/CSA B44 responsibilities, specifically addressing confusing among building owners that […]

The Elevator Consultants, a Leading Vertical Transportation Consulting & Elevator Consulting Firm, Announces Post on REITS and Investor Issues

Chicago, IL – January 29, 2018. The Elevator Consultants, a leading elevator consulting and vertical transportation consulting firm, is proud to announce a two-part series to its blog on issues that may impact REITS and investors who may be purchasing buildings with elevator and/or vertical transportation issues. REITS, of course, refers to “Real Estate Investment […]

REITS and Investors Beware When Buying a Property with Elevators (Part 2)

Editor’s note. As one of the top vertical transportation consulting firms in the United States, we get a lot of inquiries from buyers and sellers. Both parties want to conduct the necessary due diligence in any transaction. We often assist in evaluating everything with respect to elevators and other vertical transportation assets. In part 2 […]

REITS and Investors Beware When Buying a Property with Elevators (Part 1)

Editor’s Note. As one of the top elevator consulting firms in the United States, we see a lot of “disasters” out there. Among them is a failure to conduct “due diligence” before buying a property. Here’s a blog post on the topic of just how important “buyer beware” can be in the vertical transportation industry.