A recently installed elevator in The Shanghai Tower, the world's second tallest building, now has the title of the "World's Fastest Elevator," thanks to its incredible speed of 20.5 meters per second.

The 2,074-feet tall skyscraper, completed in 2015, is next only to the Burj Khalifa in Dubai as the tallest building in the world. However, when it comes to the speed of its newly installed state-of-the-art Mitsubishi elevator, The Shanghai Tower is second to none.

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To meet the challenge of the rapidly increasing crowds, the engineers at Mitsubishi Electric designed the super fast elevator. Thousands of people whisk up and down the building's viewing tower on a daily basis.

The ground-breaking elevator, which was installed in July, travels at an incredible speed of 20.5 meters per second (67 ft/s). It is slightly slower than a cheetah (95 ft/s), but faster than Usain Bolt (40 ft/s).

Before The Shanghai Tower, Guangzhou's tallest tower, the CTF, held the title of the world's fastest elevator. The CTF stands at 1,739-feet tall. This summer, Hitachi unveiled a super fast elevator for the CTF that travels from floor zero to 95 in an unbelievable 45 seconds, that is 20 meters per second (65 ft/s).