Upgrading your elevator can have a variety of benefits for both building owners and tenants. Here are just a few reasons why upgrading your elevator is worth considering:

Increased safety: Newer elevators come equipped with advanced safety features such as emergency brakes, door lock monitoring and unintended car movement protection. These features can help reduce the risk of accidents and improve overall safety for elevator users.
Improved efficiency: Modern elevators are designed to be more energy efficient and use less power. This can help lower operating costs and reduce the building's overall carbon footprint.
Enhanced user experience: Upgraded elevators often feature new technologies such as touchless controls, smart phone integration and real-time monitoring, providing a more convenient and comfortable experience for users.
Increased property value: An upgraded elevator can improve the overall value of the building. If a building is equipped with the latest technology and safety features, it can make the building more attractive to potential tenants and buyers.
Reduced maintenance costs: With newer elevators, there is less need for frequent repairs and maintenance, this can help save money on maintenance costs and downtime.
Improved accessibility: Many older elevators may not be compliant with accessibility codes, such as the Americans with Disabilities Act (ADA). Upgrading your elevator to meet current accessibility codes can make the building more accessible to all users and can help prevent potential legal issues.

Overall, upgrading your elevator can bring significant benefits to your building and tenants. It can improve safety, enhance user experience, reduce operating costs, and increase property value. If you're considering upgrading your elevator, it's worth consulting with an elevator professional to discuss your options and determine the best course of action for your building.