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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 CQpWhcMeTqfH2MQus5JnKR6f/fzYctXprXesDZl/GST93iCMp+jCeGZVLUl849h4
 9bcIBAHE9YVH3o747+nKHA==

<SEC-DOCUMENT>0001238193-03-000006.txt : 20031117
<SEC-HEADER>0001238193-03-000006.hdr.sgml : 20031117
<ACCEPTANCE-DATETIME>20031117114759
ACCESSION NUMBER:		0001238193-03-000006
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031113
FILED AS OF DATE:		20031117

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ROTHSCHILD REALTY INVESTORS III LLC
		CENTRAL INDEX KEY:			0001238193
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11533
		FILM NUMBER:		031007059

	MAIL ADDRESS:	
		STREET 1:		1251 AVENUE OF THE 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>X0201</schemaVersion>

    <documentType>4</documentType><periodOfReport>2003-11-13</periodOfReport>
    <issuer>
        <issuerCik>0000729237</issuerCik>
        <issuerName>PARKWAY PROPERTIES INC</issuerName>
        <issuerTradingSymbol>PKY</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001238193</rptOwnerCik>
            <rptOwnerName>ROTHSCHILD REALTY INVESTORS III LLC</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>0</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>1</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><nonDerivativeTable><nonDerivativeTransaction><securityTitle><value>Parkway  Properties Inc. Common Stock</value><footnoteId id="F1"/></securityTitle><transactionDate><value>2003-11-13</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>S</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>5000</value></transactionShares><transactionPricePerShare><value>44.00</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>175000</value><footnoteId id="F2"/></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwner
ship><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>2003-11-14</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>S</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>65100</value></transactionShares><transactionPricePerShare><value>44.0186</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>109900</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 1,942,857 shares of Series B Cumulative Convertible Preferred Stock and warrant to purchase 75,000 Common Stock owned indirectly 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 is the sole managing member of Five Arrows Realty Securities III LLC, which was the direct owner of Series B Cumulative Convertible Preferred of the Issuer.</footnote></footnotes><remarks/><ownerSignature><signatureName>James E. Quigley 3rd, Manager on behalf of Rotshchild Realty Investors III L.L.C.</signatureName><signatureDate>2003-11-17</signatureDate></ownerSignature></ownershipDocument>

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