Market Trends
AI Survey Closes September 10
ELEVATOR WORLD and FIELDBOSS are gathering global perspectives on elevators, uptime and the future of AI in the vertical-transportation industry with a survey: “The Future of AI in the Elevator...
Dubai Developer Announces First Commercial Project
Ellington Properties, a leading Dubai developer, has announced its first-ever office project: Eaton Square, a 21-story (including several lower levels) "next-generation" building close to Sheikh Mohammed Bin Zayed Road in...
GEE Milano Coming Up in November in Milan, Italy
Organizers of the Global Elevator Exhibition (GEE) Milano, planned on November 19-21 at Fiera Milano in Milan, Italy, invite members of the vertical-transportation industry to join them for the global...
For-Sale Chicago Building Pitched as High-End Office Space
Developer Sterling Bay has put the only finished building in its stalled Lincoln Yards 53-acre mixed-use development between Lincoln Park and Bucktown in Chicago — an eight-story, 284,463-ft2 property at...
KONE Looks To Growth Outside Metro Manila
Urbanization outside Metro Manila in the Philippines is expected to drive demand for building modernization and elevator and escalator solutions, according to KONE, BusinessWorld reports. “The megatrends are all positive,...
GUNN Consultants Names Wolsey Toronto Branch Manager
GUNN Consultants announced Devin Wolsey as Toronto, Canada, branch manager. Reporting directly to GUNN President and CEO Eric Peterson, Wolsey oversees office administration and human resources, marketing and business development,...
Otis 2Q Earnings Reflect Strengths and Challenges
Otis's 2nd Quarter (2Q) earnings reflect strengths, including a robust and growing service business and challenges such as a weak new installation market, particularly in China. The company's earnings per...
Schindler Reports Increased Profits Despite Decreased New Installations
Schindler recently reported a turnover of CHF2.76 billion (US$3.44 billion) for the months of April to June, blue News reports. This was 5.7% less than the previous year and corresponded to a...
U.S. Office Market Deals Hit US$40 Billion as Vacancy Drops
Accounting for 71% of total deals, premium and Class A office space led an office market sales rebound as transaction volume climbed 69% over the past four quarters to US$40...
Luxury Residential Demand Soars in Dubai
A five-bedroom, full-floor apartment selling for US$47.7 million — one of the 10 most expensive apartment sales in Dubai's history — points to a larger trend of the city experiencing...
