The LIV Method Signs Lease for New Meatpacking Studio
The fitness operator will open a 12,028-square-foot facility in Manhattan in January 2027.
Updated on Oct. 20, 2026 in Openings & Closings
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The LIV Method has signed a lease for a 12,028-square-foot studio at 2 Gansevoort Street in the Meatpacking District. This site marks the third Manhattan location for the fitness operator, with an opening slated for January 2027.
Why it matters
Expanding into high-traffic historic properties allows wellness operators to capture premium customer segments, though it requires navigating high local commercial real estate costs.
The LIV Method secured 12,028 square feet for its third Manhattan location, operating within a market where average retail asking rents reached $333 per square foot as of Q3 2026.
The players
The LIV Method
A fitness and wellness studio operator currently expanding its footprint in Manhattan.
Sage
A commercial real estate firm that represented the landlord in the 2 Gansevoort Street lease transaction.
Elliot Dennis
A commercial real estate professional who represented The LIV Method during the lease negotiation.
The details
The facility will occupy two levels of the 1912-built structure, connected by an internal open staircase to maintain a cohesive brand environment. The footprint includes dedicated zones for fitness, sauna, cold plunge, massage, and IV wellness services. Elliot Dennis represented The LIV Method in the transaction, while Sage managed the lease for the landlord.
Timeline
1912: The 2 Gansevoort Street building was constructed.
Q3 2026: Average retail rent in the area reached $333 per square foot.
October 20, 2026: The lease signing was reported.
January 2027: The new studio is scheduled to open.
Market Landscape
The lease follows the industry trend of fitness-wellness operators targeting premium, multi-level historic assets to house integrated service offerings. This strategy aligns with the Q3 2026 Meatpacking District retail rent average, highlighting the high entry costs for brands prioritizing site prestige.
Operators looking at similar Manhattan submarkets should model capital expenditure based on current high asking rents, which hit $333 per square foot in the area as of Q3 2026. Prioritize multi-level sites that allow for diverse revenue streams like wellness services to offset high overhead.
The takeaway
Large-format retail leases in dense, historic districts require significant investment but offer high visibility for wellness-integrated business models. Monitor the Q3 2026 market benchmarks to determine if your target footprint aligns with prevailing area lease rates.
Further reading
For more on local commercial property shifts, see New York City Openings & Closings.
Source note: This article includes information reported by Commercial Observer.
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