CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Revenues
Income from office and parking properties	$ 45,855	$ 27,760
Management company income	5,432	338
Total revenues	51,287	28,098
Expenses and other
Property operating expenses	18,334	10,943
Depreciation and amortization	17,990	9,084
Change in fair value of contingent consideration	216	0
Management company expenses	4,534	803
General and administrative	3,599	3,756
Acquisition costs	826	2,349
Total expenses and other	45,499	26,935
Operating income	5,788	1,163
Other income and expenses
Interest and other income	97	324
Equity in earnings of unconsolidated joint ventures	0	41
Interest expense	(9,244)	(6,408)
Loss before income taxes	(3,359)	(4,880)
Income tax expense	(161)	0
Loss from continuing operations	(3,520)	(4,880)
Discontinued operations:
Income (loss) from discontinued operations	3,272	(2,910)
Gain on sale of real estate from discontinued operations	5,575	0
Total discontinued operations	8,847	(2,910)
Net income (loss)	5,327	(7,790)
Net income attributable to noncontrolling interest - unit holders	(89)	0
Net (income) loss attributable to noncontrolling interests - real estate partnerships	(533)	3,195
Net income (loss) for Parkway Properties, Inc.	4,705	(4,595)
Change in market value of interest rate swaps	82	1,089
Comprehensive income (loss)	4,787	(3,506)
Net income (loss) for Parkway Properties, Inc.	4,705	(4,595)
Dividends on preferred stock	(2,711)	(2,187)
Net income (loss) attributable to common stockholders	1,994	(6,782)
Basic and Diluted:
Loss from continuing operations attributable to Parkway Properties, Inc.	$ (0.16)	$ (0.27)
Discontinued operations	$ 0.25	$ (0.05)
Basic and diluted net income (loss) attributable to Parkway Properties, Inc.	$ 0.09	$ (0.32)
Weighted average shares outstanding:
Basic	21,568,000	21,476,000
Diluted	21,568,000	21,476,000
Amounts attributable to Parkway Properties, Inc. common stockholders:
Loss from continuing operations attributable to Parkway Properties, Inc.	(3,499)	(5,647)
Discontinued operations	5,493	(1,135)
Net income (loss) attributable to common stockholders	$ 1,994	$ (6,782)