MoonLake Leases 13,500 Sq Ft in Miami
The Swiss biopharmaceutical firm is opening its U.S. headquarters in Brickell as Sucden Americas moves its Latin America headquarters to Coral Gables.
Updated on Nov. 9, 2026 in Remote Work
Live Poll
Do you think the cost of living in your area is getting better or worse?
MoonLake Immunotherapeutics leased 13,500 square feet at Brickell Key Centre II in Miami for its U.S. headquarters, under an approximately 11-year term. Separately, Sucden Americas leased 7,700 square feet at 255 Alhambra Circle in Coral Gables, where it will serve as its Latin America headquarters.
Why it matters
A company representative cited Miami's emergence as a hub for technology, including biotechnology, as a reason for the choice of city. The moves reflect continued corporate demand for office space in South Florida's business districts.
MoonLake's Brickell lease covers 13,500 square feet for roughly 75 planned Miami staff out of about 150 total employees. Sucden's move cuts its footprint from 6,400 square feet to 7,700 square feet in Coral Gables, where the average asking rate was $68.74 per square foot versus $88.28 in Brickell.
The players
MoonLake Immunotherapeutics
A Zug-based biopharmaceutical company developing nanobody-based therapies for inflammatory skin and joint diseases.
Sucden Americas
The Americas arm of Sucden, a commodities trading firm whose parent company is based in Paris.
Liz Gutierrez
Named U.S. president of MoonLake in August, leading the company's American operations.
Galderma
A dermatology company that leased 19,000 square feet at 801 Brickell Avenue as its U.S. headquarters last year.
The details
MoonLake disclosed its Brickell lease in a Securities and Exchange Commission filing, and the space is at 601 Brickell Key Drive. Sucden Americas, which has been based at 701 Brickell Avenue since 1994, is moving about 50 staff members to 255 Alhambra Circle, a site its parent's affiliates acquired in 2023.
Timeline
Last year: Galderma leased about 19,000 square feet at 801 Brickell Avenue for its U.S. headquarters.
2023: Terranova, Lndmrk, and Torose paid $54.4 million for 255 Alhambra Circle.
August: Liz Gutierrez was named U.S. president of MoonLake.
First quarter: MoonLake is expected to open its Miami headquarters.
Next summer: Sucden is slated to finish its move to Coral Gables.
Market Landscape
The MoonLake lease follows Galderma's move into 801 Brickell Avenue last year, extending a pattern of life sciences and healthcare firms choosing Miami as a U.S. headquarters. Sucden's shift to Coral Gables, where asking rates sit below Brickell's, shows some firms trading prime addresses for larger space at lower cost.
For Miami workers, the moves add headquarters jobs in biotechnology and commodities trading as firms consolidate local staff. Renters and job seekers in Brickell and Coral Gables will see office demand shift as companies pick between prime and lower-cost submarkets.
The takeaway
Firms expanding in Miami are weighing prestige locations against cost, and the choice between Brickell and Coral Gables may shape where South Florida's next corporate hires work.
What happens next
MoonLake is expected to open its Miami headquarters in the first quarter, and Sucden is slated to complete its Coral Gables move by next summer.
Further reading
For context on how companies are rethinking office footprints, see Remote Work coverage for Miami.
Source note: This article includes information reported by The Real Deal New York.
Live Poll
Do you think the cost of living in your area is getting better or worse?
