DRE » Topics » I dont really have that - we dont track that, per se, but its - Ill let Denny speak more on where we are on market rents across the system and what our current rents are compared to market.

This excerpt taken from the DRE 8-K filed Aug 1, 2006.

I don’t really have that — we don’t track that, per se, but it’s — I’ll let Denny speak more on where we are on market rents across the system and what our current rents are compared to market.

Dennis Oklak   Duke Realty Corp. - Chairman, CEO

You know, that’s always a hard thing to look at because you’ve got all different kinds of tenants. We try to look at that and we generally feel that our market rents in our buildings are just slightly below today, I would say, slightly below market rents. Again market-to-market, it differs, but overall it’s true.

We always continue to look at rental rate growth in terms of our renewal analysis and how we can grow rents on renewals, because that’s the indicator as anything that we’ve seen. For several years, we were pretty flat, we had only a couple of down quarters, and now we’re back into a slightly positive, slightly at 3.7%, which is good, we hope to do better than that as things turn around in a few of our markets.

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