Core Insights - Allegion US has launched the Schlage® Performance Series™ Locks, which include PM Series mortise, PC Series cylindrical, and PT Series tubular locks, aimed at enhancing security and quality in commercial real estate and multifamily projects [1][2]. Product Features - The Performance Series offers a range of locks designed for various applications, including 23 mechanical and three electrified functions for PM Series Grade 1 Mortise Locks, eight mechanical functions for PC Series Grade 1 Cylindrical Locks, and four mechanical functions for PT Series Grade 2 Tubular Locks [6]. Market Context - Non-residential construction costs have risen by approximately 44% since 2020, leading to tighter project budgets. Rising multifamily insurance and operating expenses are also impacting net operating income (NOI), prompting property owners and developers to seek efficient solutions [2]. Customer Benefits - The Performance Series is designed to meet market demand for mid-tier solutions, providing fit-for-purpose performance, streamlined installation, and ProExpress™ priority delivery for select products, which helps teams adhere to schedules and budgets [2]. Design Options - The new locks feature decorative levers, including Selena and Playa, along with a square rose design, allowing for a cohesive aesthetic from lobby to unit [3]. Upcoming Events - The Performance Series will be showcased at the Yankee Security Convention on October 24-25 and at DHI Connextions on November 5-6 [3]. Company Overview - Allegion specializes in security and access solutions, with a portfolio that includes various brands and products aimed at enhancing safety in residential and commercial environments [5].