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 * HUNTER DONALD J JR   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) Regional EVP, Indianapolis (Last) (First) (Middle) 5600 BLAZER PARKWAY, SUITE 100 3. Date of Earliest Transaction (Month/Day/Year) 08/09/2006 (Street) DUBLIN, OH 43017 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 08/09/2006   M   5,981 A $ 18.8797 26,177 D   Common Stock 08/09/2006   F   4,139 D $ 36.62 22,038 D   Common Stock 08/09/2006   M   9,028 A $ 20.9437 31,066 D   Common Stock 08/09/2006   F   6,570 D $ 36.62 24,496 D   Common Stock 08/10/2006   S   4,300 D $ 35.7586 20,196 D   Common Stock 08/10/2006   M   8,623 A $ 18.8797 28,819 D   Common Stock 08/10/2006   F   4,517 D $ 36.04 24,302 D   Common Stock 08/10/2006   M   6,407 A $ 20.9437 30,709 D   Common Stock 08/10/2006   F   3,723 D $ 36.04 27,094 (1) D   Common Stock               80 I By Spouse Common Stock               662 (2) I By 401(k) Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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
Units of Duke Realty Limited Partnership	(3)							10/04/1994	(3)	Common Stock	8,020		8,020	D
Employee Stock Options - Right to Buy	$ 18.8797	08/09/2006		M			5,981	(4)	01/29/2007	Common Stock	5,981	$ 0	8,623	D
Employee Stock Options - Right to Buy	$ 18.8797	08/10/2006		M			8,623	(4)	01/29/2007	Common Stock	8,623	$ 0	0	D
Employee Stock Options - Right to Buy	$ 20.9437	08/09/2006		M			9,028	(5)	07/23/2007	Common Stock	9,028	$ 0	6,407	D
Employee Stock Options - Right to Buy	$ 20.9437	08/10/2006		M			6,407	(5)	07/23/2007	Common Stock	6,407	$ 0	0	D
Employee Stock Options - Right to Buy	$ 23.5541							(6)	01/28/2008	Common Stock	14,633		14,633	D
Employee Stock Options - Right to Buy	$ 22.4007							(7)	01/26/2009	Common Stock	17,950		17,950	D
Employee Stock Options - Right to Buy	$ 19.4261							(8)	01/31/2010	Common Stock	17,741		17,741	D
Employee Stock Options - Right to Buy	$ 24.2632							(9)	01/31/2011	Common Stock	17,992		17,992	D
Employee Stock Options - Right to Buy	$ 22.6799							(10)	01/30/2012	Common Stock	14,183		14,183	D
Employee Stock Options - Right to Buy	$ 24.6905							(11)	02/19/2003	Common Stock	12,098		12,098	D
Employee Stock Options - Right to Buy	$ 31.5771							(12)	01/28/2014	Common Stock	9,459		9,459	D
Employee Stock Options - Right to Buy	$ 31.4022							(13)	02/10/2015	Common Stock	14,703		14,703	D
Employee Stock Options - Right to Buy	$ 34.13							(14)	02/10/2016	Common Stock	22,784		22,784	D
Phantom Stock Units	(15)							(15)	(15)	Common Stock	3,098		3,098 (15)	D
Phantom Stock Units	(16)	08/10/2006		A		287		(16)	(16)	Common Stock	287	$ 36.04	287	D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
HUNTER DONALD J JR 5600 BLAZER PARKWAY SUITE 100 DUBLIN, OH 43017			Regional EVP, Indianapolis

Signatures

Valerie J. Steffen for Donald J. Hunter, Jr. per POA previously filed		08/11/2006
**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 April 29, 2006 and August 10, 2006, the Reporting Person acquired 108 shares of the Company's common stock through dividend reinvestment.
(2)	Between April 29, 2006 and August 10, 2006, the Reporting Person acquired 9 shares of DRE's common stock under the Company's 401(k) plan.
(3)	Units of Duke Realty Limited Partnership are convertible on a one to one basis to the Company's common stock and have no expiration date.
(4)	The Stock Options vested annually at a rate of 20% per year and were fully vested on 1/29/2002.
(5)	The Stock Options vested annually at a rate of 20% per year and were fully vested on 7/23/2002.
(6)	The Stock Options vested annually at a rate of 20% per year and were fully vested on 1/28/2003.
(7)	The Stock Options vested annually at a rate of 20% per year and were fully vested on 1/26/2004.
(8)	The Stock Options vested annually at a rate of 20% per year and were fully vested on 1/25/2005.
(9)	The Stock Options vested annually at a rate of 20% per year and were fully vested on 1/31/2006.
(10)	The Stock Options vest annually at a rate of 20% per year and will be fully vested on 1/30/2007.
(11)	The Stock Options vest annually at a rate of 20% per year and will be fully vested on 2/19/2008.
(12)	The Stock Options vest annually at a rate of 20% per year and will be fully vested on 1/28/2009.
(13)	The Stock Options vest annually at a rate of 20% per year and will be fully vested on 2/10/2010.
(14)	The Stock Options vest annually at a rate of 20% per year and will be fully vested on 2/10/11.
(15)	Represents phantom stock units vested under the 2000 Performance Share Plan of Duke Realty Corporation. Between April 29, 2006 and August 10, 2006, the Reporting Person acquired 87 phantom stock units through dividend reinvestment. The units are valued on a one to one basis to the Company's common stock and are to be settled in cash upon the Reporting Person's termination of employment.
(16)	Represents phantom stock units accrued under the Executives' Deferred Compensation Plan of Duke Realty Services Limited Partnership. The units are valued on a one to one basis to the Company's common stock and are to be settled in cash upon the Reporting Person's termination of employment.

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