​”Thousands” Of Elevators Across New York City Need To Be Updated And Modernized – Tyler Durden

“Thousands” Of Elevators Across New York City Need To Be Updated And Modernized Elevators. They get us from here to there in buildings across cities all around the country. But other than that, they are little considered or thought about. Perhaps until now. That’s because Bisnow is reporting that many of New York City’s over 70,000 elevators in subway stations, offices, stores, and residential towers are set to be replaced or modernized. And replacing each can cost up to $500,000 and take a year—a hefty expense landlords may soon face. Elevators typically last 20 to 25 years, and many are…  — Continue at ZeroHedge News : Read More