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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 HDZNy/JIw6sMTHhMAgHUYXu2UVJEnhuNEXMQizhGFym4zT8MNes9/a+rwJ/ZmvAv
 I7DLiOrl530eXn2lL5Pk1w==

<SEC-DOCUMENT>0001222029-04-000016.txt : 20041112
<SEC-HEADER>0001222029-04-000016.hdr.sgml : 20041111
<ACCEPTANCE-DATETIME>20041112143724
ACCESSION NUMBER:		0001222029-04-000016
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20041110
FILED AS OF DATE:		20041112
DATE AS OF CHANGE:		20041112

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			KAPLAN MATTHEW W
		CENTRAL INDEX KEY:			0001222029

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11533
		FILM NUMBER:		041138402

	MAIL ADDRESS:	
		STREET 1:		125 AVE OF AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10020

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>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-11-10</periodOfReport>

    <issuer>
        <issuerCik>0000729237</issuerCik>
        <issuerName>PARKWAY PROPERTIES INC</issuerName>
        <issuerTradingSymbol>PKY</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001222029</rptOwnerCik>
            <rptOwnerName>KAPLAN MATTHEW W</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O ROTHSCHILD REALTY INC.</rptOwnerStreet1>
            <rptOwnerStreet2>1251 AVENUE OF THE AMERICAS</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10020</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Parkway Properties Inc. Common Stock</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <transactionDate>
                <value>2004-11-10</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>26400</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>50.462</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>152758</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Note</value>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Parkway Properties Inc. Common Stock</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <transactionDate>
                <value>2004-11-11</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>10400</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>50.4957</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>142358</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Note</value>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">$.001 par value per share (&quot;Common Stock&quot;)</footnote>
        <footnote id="F2">Does not include 1,603,499 shares of Series B Cumulative Convertible Preferred Stock and warrant to purchase 75,000 Common Stock owned indirectly.  Also does not include 1,334 shares of Common Stock; options to purchase 16,300 shares of Common Stock and 500 annual retainer share award  pursuant to the 2001 Non-Employee Directors Equity Compensation Plan owned directly each of which have been previously disclosed and in relation to which there are no transactions to be reported.</footnote>
        <footnote id="F3">The Reporting Person has been appointed, among others, as a manager of Five Arrows, by Rothschild Realty Investors III L.L.C., the sole managing member of Five Arrows.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>James E. Quigley 3rd as Attorney-in-Fact for Matthew W. Kaplan</signatureName>
        <signatureDate>2004-11-12</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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