Market Trends
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...
Data Reveals China VT Market Trends
China Elevator Association Secretary General Zhang Lexiang recently shared data painting a detailed picture of the vertical-transportation (VT) market in China, including that it experienced an "unprecedented elevator production drop"...
Connecticut Publication Highlights Otis Modernization Business
The Hartford Business Journal (HBJ) in Connecticut, where global vertical-transportation (VT) OEM Otis has its headquarters, on June 2 spotlighted its "important and growing" modernization business. HBJ visited Otis Worldwide's Bristol test tower, where...
GEE Milano to Focus on Modernization, Software and More
The Global Elevator Exhibition (GEE) Milano, planned at Fiera Milano Rho in Milan, Italy, on November 19-21, will include an exhibition platform focusing on innovations in maintenance and system upgrades...
Kings III Acquires LiftNet
Kings III Emergency Communications, a leading provider of emergency communications headquartered in Coppell, Texas, announced on April 2 it has acquired LiftNet, formerly a Hyperion Solutions brand. LiftNet is a...
Hitachi Elevator to Focus on Smart Building in China
Hitachi Elevator (China) Co. Ltd. will focus on developing the smart building business in China by accelerating its efforts in digitalization, intelligence and green initiatives, according to a senior company...
Historic Chicago Office Tower Eyed for Conversion
An investor in Grand Rapids, Michigan, wants to convert the upper office floors of the 38-story, circa 1927 Pittsfield Building in Chicago into 214 apartments, adding to the 442 residences...
Start Elevator’s O’Shea Discusses 2025 Business Drivers, Challenges
Jack O'Shea, owner and president of Bronx, NY-based Start Elevator, recently discussed with ELEVATOR WORLD what's driving business and creating challenges for his company in 2025. With a roughly equal...
KONE to Provide Elevators for High-Rise Mumbai Complex
KONE announced on January 28 it received an order to provide 21 passenger elevators for Aga Hall Estate in Mumbai, India, which consists of 45- and 56-story towers containing 349...
