Improvement is being seen from urban concepts to neighborhood service tenants, according to Colliers.

As the market deals with high vacancy, the pricing favors tenants — with landlords aggressively offering concessions.

With the CPPI flat in June and cap rates stubborn, Green Street's numbers point to a market where performance will hinge on careful sector selection.

Most respondents anticipate better construction and capital market conditions over six to 12 months while bracing for faster growth in materials and labor expenses.