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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 WwgY7EMCSxfsJcuG1GvSU8MOx9eqayBnpJuorHIMBy58Aq6KzDShEa17oV71WdL9
 EZrVbZGLhsXF3qptcmWr5A==

<SEC-DOCUMENT>0001196395-03-000024.txt : 20030807
<SEC-HEADER>0001196395-03-000024.hdr.sgml : 20030807
<ACCEPTANCE-DATETIME>20030807200325
ACCESSION NUMBER:		0001196395-03-000024
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030806
FILED AS OF DATE:		20030807

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			LIPSEY MICHAEL J
		CENTRAL INDEX KEY:			0001222019

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11533
		FILM NUMBER:		03829866

	MAIL ADDRESS:	
		STREET 1:		686 HUNT CLUB BLVD SUITE 140
		CITY:			LONGWOOD
		STATE:			FL
		ZIP:			32779

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PARKWAY PROPERTIES INC
		CENTRAL INDEX KEY:			0000729237
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				742123597
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		ONE JACKSON PL
		STREET 2:		188 E CAPITOL ST STE 1000
		CITY:			JACKSON
		STATE:			MS
		ZIP:			39225-4647
		BUSINESS PHONE:		6019484091

	MAIL ADDRESS:	
		STREET 1:		ONE JACKSON PL P O BOX 24647
		STREET 2:		188 E CAPITOL ST STE 1000
		CITY:			JACKSON
		STATE:			MS
		ZIP:			39225

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PARKWAY CO
		DATE OF NAME CHANGE:	19951018
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
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    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType><periodOfReport>2003-08-06</periodOfReport>
    <issuer>
        <issuerCik>0000729237</issuerCik>
        <issuerName>PARKWAY PROPERTIES INC</issuerName>
        <issuerTradingSymbol>PKY</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001222019</rptOwnerCik>
            <rptOwnerName>LIPSEY MICHAEL J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>686 HUNTCLUB BOULEVARD, SUITE 140</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>LONGWOOD</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>32779</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><nonDerivativeTable><nonDerivativeTransaction><securityTitle><value>Common Stock</value></securityTitle><transactionDate><value>2003-08-06</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>M</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>7500</value></transactionShares><transactionPricePerShare><value>25.875</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>9959</value><footnoteId id="F1"/></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership><natureOfOwnership><value/></natureOfOwner
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<equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>100</value></transactionShares><transactionPricePerShare><value>42.50</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>2559</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership><natureOfOwnership><value/></natureOfOwnership></ownershipNature></nonDerivativeTransaction><nonDerivativeTransaction><securityTitle><value>Common Stock</value></securityTitle><transactionDate><value>2003-08-07</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>S</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>100</value></transactionShares><transacti
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ansactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>1997-06-06</value></exerciseDate><expirationDate><value>2007-06-05</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>7500</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>0</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership><natureOfOwnership><value/></natureOfOwnership></ownershipNature></derivativeTransaction><derivativeTransaction><securityTitle><value>Stock Options</value></securityTitle><conversionOrExercisePrice><value>31.125</value></conversionOrExercisePrice><transactionDate><value>2003-08-06</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><tr
ansactionCode>M</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>3000</value></transactionShares><transactionPricePerShare><value>0</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>1998-06-04</value></exerciseDate><expirationDate><value>2008-06-03</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>3000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>0</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership><natureOfOwnership><value/></natureOfOwnership></ownershipNature></derivativeTransaction><derivativeHolding><securityTitle><value>Stock Options</value></s
ecurityTitle><conversionOrExercisePrice><value>34</value></conversionOrExercisePrice><exerciseDate><value>1999-06-03</value></exerciseDate><expirationDate><value>2009-06-02</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>3000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>3000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership><natureOfOwnership><value/></natureOfOwnership></ownershipNature></derivativeHolding><derivativeHolding><securityTitle><value>Stock Options</value></securityTitle><conversionOrExercisePrice><value>31.125</value></conversionOrExercisePrice><exerciseDate><value>2000-05-10</value></exerciseDate><expirationDate><value>2010-05-09</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common St
ock</value></underlyingSecurityTitle><underlyingSecurityShares><value>3000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>3000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership><natureOfOwnership><value/></natureOfOwnership></ownershipNature></derivativeHolding><derivativeHolding><securityTitle><value>Stock Options</value></securityTitle><conversionOrExercisePrice><value>30.7</value></conversionOrExercisePrice><exerciseDate><value>2001-05-15</value></exerciseDate><expirationDate><value>2011-05-14</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock </value></underlyingSecurityTitle><underlyingSecurityShares><value>3000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>3000</value></sharesOwnedFollowingTransaction></postTransactionAm
ounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership><natureOfOwnership><value/></natureOfOwnership></ownershipNature></derivativeHolding><derivativeHolding><securityTitle><value>Stock Options</value></securityTitle><conversionOrExercisePrice><value>36.12</value></conversionOrExercisePrice><exerciseDate><value>2002-05-09</value></exerciseDate><expirationDate><value>2012-05-08</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>3000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>3000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership><natureOfOwnership><value/></natureOfOwnership></ownershipNature></derivativeHolding><derivativeHolding><securityTitle><value>Stock Options</value></securityTitle><c
onversionOrExercisePrice><value>38.95</value></conversionOrExercisePrice><exerciseDate><value>2003-05-08</value></exerciseDate><expirationDate><value>2013-05-07</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>3000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>3000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership><natureOfOwnership><value/></natureOfOwnership></ownershipNature></derivativeHolding></derivativeTable><footnotes><footnote id="F1">Includes an additional 26 shares acquired through the Companys Direct Stock Purchase and Dividend Reinvestment Plan.</footnote></footnotes><remarks/><ownerSignature><signatureName>Joseph P. Kubarek, Attorney-in-Fact</signatureName><signatureDate>2003-08-07</signatureDate></ownerSignature></o
wnershipDocument>

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</SEC-DOCUMENT>
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