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) 12/06/2006 (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 12/06/2006   M   4,740 A $ 0 37,355 D   Common Stock 12/06/2006   S   2,398 D $ 43.67 35,311 (1) D   Common Stock               3,470 I By 401(k) Plan Common Stock               2,190 I By Children

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
Employee Stock Options-Right to Buy	$ 22.0971	12/06/2006		M			4,740	(2)	11/10/2007	Common Stock	4,740	$ 0	0	D
Employee Stock Options-Right to Buy	$ 23.5541							(3)	12/08/2008	Common Stock	19,510		19,510	D
Employee Stock Options-Right to Buy	$ 22.4007							(4)	01/26/2009	Common Stock	25,643		25,643	D
Employee Stock Options-Right to Buy	$ 21.915							(5)	06/18/2009	Common Stock	25,725		25,725	D
Employee Stock Options-Right to Buy	$ 19.4261							(6)	01/25/2010	Common Stock	29,569		29,569	D
Employee Stock Options-Right to Buy	$ 19.4261							(7)	01/25/2010	Common Stock	8,871		8,871	D
Employee Stock Options-Right to Buy	$ 24.2632							(8)	01/31/2011	Common Stock	28,409		28,409	D
Employee Stock Options-Right to Buy	$ 22.6799							(9)	01/30/2012	Common Stock	27,859		27,859	D
Employee Stock Options-Right to Buy	$ 24.6905							(10)	02/19/2013	Common Stock	24,195		24,195	D
Employee Stock Options-Right to Buy	$ 31.5771							(11)	01/28/2014	Common Stock	21,829		21,829	D
Employee Stock Options-Right to Buy	$ 31.4022							(12)	02/10/2015	Common Stock	33,932		33,932	D
Employee Stock Options-Right to Buy	$ 34.13							(13)	02/10/2016	Common Stock	37,198		37,198	D
Phantom Stock Units	(14)							(14)	(14)	Common Stock	5,461		5,461 (14)	D
Phantom Stock Units	(15)							(15)	(15)	Common Stock	14,709		14,709 (15)	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

Tracy D. Swearingen for Robert M. Chapman per POA prev. filed.		12/07/2006
**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 September 12, 2006 and December 7, 2006, the Reporting Person acquired 137 shares of the Company's common stock through dividend reinvestment and 217 shares through the Company's Employee Stock Purchase Plan.
(2)	The Stock Options vested at a rate of 20% per year and were fully vested on 11/10/02.
(3)	The Stock Options vested at a rate of 20% per year and were fully vested on 1/28/03.
(4)	The Stock Options vested at a rate of 20% per year and were fully vested on 1/26/04.
(5)	The Stock Options vested at a rate of 20% per year and were fully vested on 6/18/04.
(6)	The Stock Options vested at a rate of 20% per year and were fully vested on 1/25/05.
(7)	The Stock Options were fully vested at date of grant.
(8)	The Stock Options vested at a rate of 20% per year and were fully vested on 1/31/06.
(9)	The Stock Options vest at a rate of 20% per year and will be fully vested on 1/30/07.
(10)	The Stock Options vest at a rate of 20% per year and will be fully vested on 2/19/08.
(11)	The Stock Options vest at a rate of 20% per year and will be fully vested on 1/28/09.
(12)	The Stock Options vest at a rate of 20% per year and will be fully vested on 2/10/10.
(13)	The Stock Options vest at a rate of 20% per year and will be fully vested on 2/10/11.
(14)	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 termination of employment.
(15)	Represents phantom stock units vested under the 2000 Performance Share Plan of Duke Realty Corporation. Between September 12, 2006 and December 7, 2006, the Reporting Person acquired 239 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 termination of employment.

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