Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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. Date of Event Requiring Statement (Month/Day/Year)
05/16/2005
3. Issuer Name and Ticker or Trading Symbol
DUKE REALTY CORP [DRE]
(Last)
(First)
(Middle)
5600 BLAZER PARKWAY, SUITE 100
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Regional EVP, Indianapolis
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

DUBLIN, OH 43017
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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 1,414
D
 
Common Stock 383
I
By 401(k) Plan
Common Stock 80
I
By Spouse

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Units of Duke Realty Limited Partnership 10/04/1994   (1) Common Stock 8,020 $ (1) D  
Employee Stock Options - Right to Buy   (2) 10/25/2005 Common Stock 5,985 $ 15.3125 D  
Employee Stock Options - Right to Buy   (3) 01/31/2006 Common Stock 17,174 $ 16.0625 D  
Employee Stock Options - Right to Buy   (4) 01/29/2007 Common Stock 14,192 $ 19.4375 D  
Employee Stock Options - Right to Buy   (5) 07/23/2007 Common Stock 15,000 $ 21.5625 D  
Employee Stock Options - Right to Buy   (6) 01/28/2008 Common Stock 14,220 $ 24.25 D  
Employee Stock Options - Right to Buy   (7) 01/26/2009 Common Stock 17,444 $ 23.0625 D  
Employee Stock Options - Right to Buy   (8) 01/25/2010 Common Stock 17,241 $ 20 D  
Employee Stock Options - Right to Buy   (9) 01/31/2011 Common Stock 17,485 $ 24.98 D  
Employee Stock Options - Right to Buy   (10) 01/30/2012 Common Stock 13,783 $ 23.35 D  
Employee Stock Options - Right to Buy   (11) 02/19/2013 Common Stock 11,757 $ 25.42 D  
Employee Stock Options - Right to Buy   (12) 01/28/2014 Common Stock 9,193 $ 32.51 D  
Employee Stock Options - Right to Buy   (13) 02/10/2015 Common Stock 14,289 $ 32.33 D  
Phantom Stock Units   (14)   (14) Common Stock 1,358 $ (14) 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 attached 05/20/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) 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.
(2) The Stock Options vested annually at a rate of 20% per year and were fully vested on 10/25/2000.
(3) The Stock Options vested annually at a rate of 20% per year and were fully vested on 1/31/2001.
(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 vest annually at a rate of 20% per year and will be 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) Represents phantom stock units vested under the 2000 Performance Share Plan of Duke Realty Corporation. The units are valued on a one to one basis of the Company's common stock and are to be settled in cash upon the Reporting Person's termination of employment.

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