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

OMB APPROVAL OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response... 0.5

(Print or Type Responses)

1. Name and Address of Reporting Person * KENNEDY STEVEN R   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) EVP, Construction (Last) (First) (Middle) 600 E. 96TH ST, #100 3. Date of Earliest Transaction (Month/Day/Year) 08/09/2007 (Street) INDIANAPOLIS, IN 46240 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 02/10/2007   F   164 (1) D $ 47.88 8,557 D   Common Stock 02/10/2007   M   391 D $ 0 8,166 D   Common Stock 04/27/2007   F   158 (1) D $ 43.92 8,008 D   Common Stock 04/27/2007   M   405 D $ 0 7,783 (2) D   Common Stock 02/10/2007   M   391 A $ 0 18,573 I By Trust (3) Common Stock 04/27/2007   M   405 A $ 0 18,978 I By Trust (3) Common Stock 08/09/2007   M   4,616 A $ 22.4007 23,595 I By Trust (3) Common Stock               16,400 I By the Carla J. Kennedy Revocable Trust (4) Common Stock               405 (5) I By 401(k) Plan Common Stock               4,350 I By Parent (6)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

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	$ 22.4007	08/09/2007		M			4,616	(7)	01/26/2009	Common Stock	4,616	$ 0	0	D
Employee Stock Options-Right to Buy	$ 19.4261							(8)	01/25/2010	Common Stock	6,505		6,505	D
Employee Stock Options-Right to Buy	$ 24.2632							(9)	01/31/2011	Common Stock	7,766		7,766	D
Employee Stock Options-Right to Buy	$ 22.6799							(10)	01/30/2012	Common Stock	6,078		6,078	D
Employee Stock Options-Right to Buy	$ 24.6905							(11)	02/19/2013	Common Stock	5,583		5,583	D
Employee Stock Options-Right to Buy	$ 31.5771							(12)	01/28/2004	Common Stock	7,276		7,276	D
Employee Stock Options-Right to Buy	$ 31.4022							(13)	02/10/2015	Common Stock	24,883		24,883	D
Employee Stock Options-Right to Buy	$ 34.13							(14)	02/10/2016	Common Stock	25,109		25,109	D
Employee Stock Options-Right to Buy	$ 47.88							(15)	02/10/2017	Common Stock	25,092		25,092	D
Phantom Stock Units	(16)							(16)	(16)	Common Stock	9,592		9,592 (16)	D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
KENNEDY STEVEN R 600 E. 96TH ST, #100 INDIANAPOLIS, IN 46240			EVP, Construction

Signatures

Tracy D. Swearingen for Steven R. Kennedy per POA prev. filed.		08/10/2007
**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)	Represents shares withheld for taxes upon the vesting of restricted stock units granted pursuant to Rule 16b-3 of Section 16b of the Securities Exchange Act of 1934.
(2)	Between January 10, 2007 and August 10, 2007, the Reporting Person acquired 180 shares of DRE common stock through dividend reinvestment.
(3)	Securities held by the Steven R. Kennedy Revocable Trust Agreement 12/12/05 in which the Reporting Person is the grantor.
(4)	Securities held by the Carla J. Kennedy Revocable Trust Agreement 12/12/05 in which the Reporting Person is the grantor.
(5)	Between January 10, 2007 and August 10, 2007, the Reporting Person acquired 187 shares of DRE common stock through dividend reinvestment.
(6)	By Steven Kennedy for investment control of the Doris H. Kennedy Living Trust and other securities held by the Reporting Person's parent. The Reporting Person disclaims any beneficial interest in these shares.
(7)	The Stock Options vested annually at a rate of 20% per year and were fully vested on 1/26/04.
(8)	The Stock Options vested annually at a rate of 20% per year and were fully vested on 1/25/05.
(9)	The Stock Options vested annually at a rate of 20% per year and were fully vested on 1/31/06.
(10)	The Stock Options vest annually at a rate of 20% per year and were fully vested on 1/30/07.
(11)	The Stock Options vest annually at a rate of 20% per year and will be fully vested on 2/19/08.
(12)	The Stock Options vest annually at a rate of 20% per year and will be fully vested on 1/28/09.
(13)	The Stock Options vest annually at a rate of 20% per year and will be fully vested on 2/10/10.
(14)	The Stock Options vest annually at a rate of 20% per year and will be fully vested on 2/10/11.
(15)	The Stock Options vest annually at a rate of 20% per year and will be fully vested on 2/10/2012.
(16)	Represents phantom stock units vested under the 2000 Performance Share Plan of Duke Realty Corporation. Between January 10, 2007 and August 10, 2007, the Reporting Person acquired 297 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.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.