The article is devoted to the new look at property management in the context of sustainable development trend which is a result of objective reasons taking place in the global economy, environmental requirements, social demands and the available technology. The need for a new approach to property management is dictated by the land development on Earth, for the latest 2030 forecasts assume that over 30 % of the population will be living and working in cities. This is an enormous challenge for the entire real estate market, its participants, but also for the theoreticians in the field of management science .