What Is the Average Cost to Install an Elevator?

For many building owners, hotel operators and developers, installing an elevator feels like a major milestone — and a major expense. Yet when you start researching the cost, you quickly discover something frustrating: prices vary wildly.

One minute you’re told installation is straightforward, the next you hear about structural work, safety systems, compliance checks and engineering hours that send the figure climbing.

So what is the average cost to install an elevator? And why do the numbers change so dramatically depending on the building?

This guide breaks it down with clear, commercial-focused explanations that help you understand exactly what affects the price — and what you should budget for.

The Short Answer: Elevator Installation Costs Vary Widely

The cost of installing an elevator depends heavily on the type of lift, the building layout and the level of customisation needed.

But to give a realistic overview:

Commercial elevator installations generally range between moderate and significant investment levels, depending on capacity, travel height, design requirements and structural work.

Hotels, shopping centres and high-rise office buildings typically sit at the higher end due to heavy usage, accessibility standards and aesthetic requirements.

Domestic lifts are usually cheaper, but still depend on structural changes, specification and the lift model chosen.

Why Elevator Installation Costs Vary So Much

If you speak to any lift engineer, they’ll tell you the same thing: No two installation projects are ever identical.

The price comes down to several main factors that have a huge impact on the final cost.

1. Type of Lift Being Installed

Each lift type sits in its own category when it comes to installation complexity.

Passenger Lifts

Used in hotels, offices, apartments and shopping centres. These require full shaft construction, safety systems, control panels and passenger-ready components.

Goods Lifts

Built for heavy loads in warehouses, factories and commercial kitchens. Stronger motors and reinforced frames make them more costly.

Platform Lifts

Ideal for accessibility. Less complex than passenger lifts, but still require structural planning.

Dumbwaiters

Used in hotels, restaurants and care homes. Smaller, simpler and usually cheaper to install.

Stairlifts

Found in care environments, residential properties and hotels. These are usually the most affordable installations.

Conveyor or Industrial Lifts

Installed in distribution centres or production environments. High capacity and high performance — often the most expensive.

2. Building Structure and Space Requirements

The building itself is often the biggest cost factor.

Prices rise when:

• the lift shaft needs to be built from scratch

• existing floors need modification

• load-bearing walls must be reinforced

• the motor room needs installing or upgrading

• accessibility requirements must be added

• old lifts need removing first

Every structural change adds time, labour and material costs.

3. Number of Floors and Travel Height

The higher the lift travels, the more engineering it requires:

• taller shafts

• more complex safety systems

• stronger motors

• additional cabling

• advanced control logic

This is why hotels and office buildings often see higher installation prices than smaller commercial units.

4. Capacity, Speed and Cab Design

High-spec lifts designed for busy commercial environments cost more because they require:

• larger lift cars

• faster travel speeds

• advanced door systems

• noise reduction

• custom interiors

• vandal-resistant finishes

• more durable components

Passenger experience matters in hotels and corporate buildings — and that directly affects the price.

5. Compliance, Safety and Accessibility Requirements

All lifts in the UK must comply with strict regulations including:

• BS EN81 standards

• UKCA requirements

• accessibility rules (Equality Act compliance)

• fire and emergency requirements

Additional safety components and control systems — while essential — add to the overall project cost.

6. Installation Time, Labour and Project Complexity

Commercial lift installation is a skilled, labour-intensive process involving:

• engineers

• structural teams

• electricians

• surveyors

• lift testers

• safety assessors

The more complex the installation, the higher the labour cost.

7. Finishing Touches and Customisation

Hotels and luxury developments often require:

• bespoke cabin interiors

• mirrors, lighting and branding

• premium fixtures

• directional indicators

• polished steel finishes

• touchscreen control panels

These upgrades significantly influence the final price.

What to Expect During the Installation Process

While the timeline varies, elevator installation usually involves:

1. Site survey and design planning

2. Structural work and shaft preparation

3. Delivery of lift equipment

4. Mechanical and electrical installation

5. System testing and fine-tuning

6. Compliance inspections and certification

Each stage contributes to the overall cost and timeline.

How to Reduce Elevator Installation Costs

Commercial buildings can keep costs under control by:

• involving lift engineers early in the design stage

• avoiding last-minute structural changes

• selecting the right lift type for the building’s usage

• choosing durable over decorative finishes in high-traffic areas

• planning combined installation and maintenance contracts

A well-scoped project almost always comes in at a better price.

The ‘Average Cost’ Depends on Your Building

There is no single price tag for elevator installation — because every building, lift type and project requirement is different.

The important thing is understanding what drives the cost:

• lift type

• load capacity

• travel height

• structural needs

• compliance

• design choices

By breaking down these factors, you can budget accurately and choose the right lift solution for your building — whether it’s a hotel, office, residential block or retail centre.