KPG Funds Launches The Relative Submarket Strength Index (RSSI)

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Data Driven Decision Making for NYC Commercial Real Estate Acquisitions

“The RSSI was originally meant to be an in house tool to use data to view tenant movement by submarket to assist us in where want to acquire assets. There was such great response we decided to share it with the world,” said KPG CIO Rod Kritsberg.

Today, real estate investment firm KPG Funds launched The KPG Funds Relative Submarket Strength Index (RSSI). The RSSI indicates tenant demand relative to its availability in a particular submarket. KPG’s index is calculated by dividing total office availability in the submarket by the total square footage in demand from tenants, which is collected from brokers and tenants themselves.

KPG's RSSI is already showing its value: SOHO and Park Avenue had the strongest demand relative to its availability in the fourth quarter of 2020, according to the relative strength submarket index (RSSI) figures issued by KPG Funds, in partnership with Newmark.

“Tenants nowadays … want to be around where you could work, live, play,” Kraut said. “As space starts to open up, you’re starting to see even more of a rapid increase into these areas.”

“RSSI shows where the tenants want to be. You can have the best building on the best block, but if you don’t have tenant demand it won’t matter,” added Kraut.

Not only is the index a predictor where the tenants want to be, but its a predictor of where new acquisitions should be targeted. Broker Market Reports typically discuss the past, at KPG we use data to assist in predicting the future,” said Kraut .

“We are in a demand-driven market The degree to which demand can be quantified and qualified is how we make informed investment decisions,” said Kritsberg .

To request a copy or learn more call KPG Funds today at 212-359-0743, email Greg at, or visit

KPG Funds (“KPG”) is a fully integrated real estate private equity platform with Asset Management, Project Management, Development, Design, Leasing and Property Management. With over 35 years combined experience based in NYC, KPG manages fully discretionary institutional vehicles targeting middle market value-add office investments. KPG is a privately held and management-owned investment firm filed with the SEC as an exempt reporting adviser, and that maintains an unwavering commitment to put its investors needs first. Additional information about KPG and a selection of current holdings and previous transactions are available at or by calling 212-359-0743

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Greg Kraut
KPG Funds
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