Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
CHAPMAN ROBERT M
   2. Issuer Name and Ticker or Trading Symbol
DUKE REALTY CORP [DRE] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Sr. EVP - Real Estate Oper.
(Last)
(First)
(Middle)
3950 SHACKLEFORD ROAD, SUITE 300		 3. Date of Earliest Transaction (Month/Day/Year)
02/03/2005
(Street)

DULUTH,, GA 30096-8268		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/23/2004   G V 1,998 D $ 0 16,391 (1) D  
Common Stock               2,672 (2) I By 401(k) Plan
Common Stock 08/23/2004   G V 1,998 A $ 0 3,420 I By Children
Common Stock 02/03/2005   S   666 D $ 31.8094 2,754 I By Children

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options-Right to Buy $ 22.75               (3) 11/10/2007 Common Stock 10,000   10,000 D  
Employee Stock Options-Right to Buy $ 24.25               (4) 01/28/2008 Common Stock 18,960   18,960 D  
Employee Stock Options-Right to Buy $ 23.0625               (5) 01/26/2009 Common Stock 24,920   24,920 D  
Employee Stock Options-Right to Buy $ 22.5625               (6) 06/18/2009 Common Stock 25,000   25,000 D  
Employee Stock Options-Right to Buy $ 20               (7) 01/25/2010 Common Stock 28,736   28,736 D  
Employee Stock Options-Right to Buy $ 20               (8) 01/25/2010 Common Stock 8,621   8,621 D  
Employee Stock Options-Right to Buy $ 24.98               (9) 01/31/2011 Common Stock 27,608   27,608 D  
Employee Stock Options-Right to Buy $ 23.35               (10) 01/30/2012 Common Stock 27,074   27,074 D  
Employee Stock Options-Right to Buy $ 25.42               (11) 02/19/2013 Common Stock 23,513   23,513 D  
Employee Stock Options-Right to Buy $ 32.51               (12) 01/28/2014 Common Stock 21,214   21,214 D  
Phantom Stock Units (13) 01/26/2005   A   3,719     (13)   (13) Common Stock 3,719 (13) 9,262 (13) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
CHAPMAN ROBERT M
3950 SHACKLEFORD ROAD, SUITE 300
DULUTH,, GA 30096-8268		       Sr. EVP - Real Estate Oper.  

Signatures

 Valerie J. Steffen for Robert M. Chapman per POA attached   02/04/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Between February 6, 2004 and February 3, 2005, the Reporting Person acquired 1,197 shares through the Company's Employee Stock Purchase Plan.
(2) Between February 6, 2004 and February 3, 2005, the Reporting Person acquired 340 shares of DRE's common stock under the Company 401(k) plan.
(3) The Stock Options vested at a rate of 20% per year and were fully vested on 11/10/02.
(4) The Stock Options vested at a rate of 20% per year and were fully vested on 1/28/03.
(5) The Stock Options vested at a rate of 20% per year and were fully vested on 1/26/04.
(6) The Stock Options vested at a rate of 20% per year and were fully vested on 6/18/04.
(7) The Stock Options vested at a rate of 20% per year and were fully vested on 1/25/05.
(8) The Stock Options were fully vested at date of grant.
(9) The Stock Options vest at a rate of 20% per year and will be fully vested on 1/31/06.
(10) The Stock Options vest at a rate of 20% per year and will be fully vested on 1/30/07.
(11) The Stock Options vest at a rate of 20% per year and will be fully vested on 2/19/08.
(12) The Stock Options vest at a rate of 20% per year and will be fully vested on 1/28/09.
(13) Represents phantom stock units vested under the 2000 Performance Share Plan of Duke Realty Corporation. Between February 6, 2004 and February 3, 2005, the Reporting Person acquired 697 phantom stock units through dividend reinvestment. The shares are to be settled in cash upon the Reporting Person's termination of employment.

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