Elevator Industry Update: What Building Owners & Property Managers Need to Know

The elevator industry is changing rapidly, creating new challenges for building owners and property managers responsible for safety, compliance, maintenance, and capital planning. Join TBMOA for an informative industry update presented by <b>KJA</b>, featuring <b>Andy Wells, P.Eng., Senior VP</b>, and <b>Erica Gray, Director, Sales & Service</b>. The session will examine current trends affecting elevator operations, including regulatory oversight, changing maintenance practices, equipment obsolescence, reduced parts availability, modernization requirements, suspension-system replacement, and important considerations when reviewing elevator maintenance contracts. The presentation will also explore practical steps owners and property managers can take to better manage elevator assets, including proactive capital planning, third-party audits, contractor oversight, performance monitoring, and stronger maintenance agreements. The session concludes with an opportunity for attendees to ask questions and discuss current elevator-industry challenges with the presenters. This description follows the actual presentation closely. In particular, KJA identifies proactive upgrades, site-specific capital planning, regularly updated capital plans, and expert review as responses to increasing equipment obsolescence. 2026-09-30 KJA Elevator Industr… It also recommends third-party maintenance contracts and audits, contractor supervision, KPIs, performance monitoring, and regular communication.