According to a quarterly report recently released by DTZ, all sectors of Shanghais property leasing market were active during the third quarter of 2004. The report also showed that occupancy rates among villas, service apartments, and high-tier non-serviced apartments all reached the highest level since 1998.

Further top of the range properties, are expected to be introduced to the market in 2005 and 2006 and replace older and poorer quality properties. This is expected to increase rental levels further.