Joseph Simone Of Simone Development Says Outpatient Job Growth Influences Medical Real Estate Development

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Joseph Simone of Simone Development Companies said recent job growth in the ambulatory services sector has healthcare developers facing increased demand for outpatient care centers.

Burke Outpatient Rehabilitation Center at Simone's Hutchinson Metro Center

“As hospitals nationwide seek to grow their presence in new markets, Simone Development Companies is ready to partner with these healthcare providers to deliver state-of-the-art facilities in locations accessible to everyone,” said Joanna Simone.

Joseph Simone, President of Simone Development Companies, said recent job growth in the ambulatory services sector has healthcare developers facing increased demand for outpatient care centers.

“In the past year, we’ve seen a 10.7% increase in jobs related to ambulatory care services in New York City, with many of those new jobs in outpatient care centers,” said Joe Simone, President, Simone Development Companies], president of Simone Development Companies. “This double-digit job growth is a signal to medical real estate developers that more outpatient care centers will be needed soon.”

According to the New York state Department of Labor, New York City’s outpatient care centers—one segment of the ambulatory care service sector—reported about 24,000 workers in September, up 6.3% from a year ago. Other ambulatory services, such as home healthcare, saw even bigger job gains, according to New York labor officials.

In many cases, the growth of outpatient care centers is driven by hospitals expanding their services. At Simone Development Companies’ Hutchinson Metro Center campus in the Bronx, Burke Rehabilitation Hospital recently held a ribbon cutting to commemorate its newly expanded Outpatient Rehabilitation Center. The new facility more than doubles the size of Burke’s former location and provides over 5,000 additional square feet of brightly lit and open space, outfitted with the latest technologies.

Demand for new outpatient real estate is also strong outside of New York City. In Centereach, N.Y., Simone Development Companies is transforming a 63,000-square-foot retail store located at 2112 Middle Country Road into the future Catholic Health Ambulatory & Urgent Care at Centereach.

“As hospitals nationwide seek to grow their presence in new markets, Simone Development Companies is ready to partner with these healthcare providers to deliver state-of-the-art facilities in locations accessible to everyone,” said Joanna Simone, principal and president of leasing and property management operations.

Simone Development Companies is a full-service real estate investment company specializing in the acquisition and development of healthcare, mixed-use, office, industrial, retail, and residential properties. Headquartered at the Hutchinson Metro Center, it boasts a portfolio of over 7 million square feet throughout the Bronx, Manhattan, Queens, Long Island, Westchester County, Orange and Fairfield Counties and New Jersey. With services spanning acquisition, development, construction, finance, asset management, accounting, leasing and property management, Simone Development Companies is set apart by its vertically integrated management team, long-term asset ownership and its pursuit of visionary development.

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Dean Bender
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