The significant growing of urban population, globalization of social-ecological systems, fuzzification of spatial structures, the diversity of actors in spatial development, their power and interest in using the resources including space, especially in high-density urban areas. Spatial development is connected with a high concentration of economic activities and population in urban systems. In many cases very rapid processes of urbanization and suburbanization approach natural spatial/territorial limits, such as carrying capacity of land, transport and infrastructural systems, absorption capacities of recipients and others [1]. Growing shortage of space and problems in their accessibility (physical, functional, etc.) leads to growing tension and conflicts among the actors/users of urban spaces and represent the initial phase of space deprivations processes. There is a parallel with "tragedy of commons" as defined by Hardin [2] and was reinterpreted by many other academics and researchers. Urban space can be clearly interpreted as the commons or commons good for their community of users and relevant actors, so innovative governance modes overlapping defined "tragedy of commons" representing a possible approach for a new concept of urban public spaces management. This paper presents a possible new approach to the management of urban spaces reflecting the current challenges in spatial development based on the theory of commons and innovative governance modes. The new approach is built on innovations in institutional regimes, the algorithm of decision-making and economic expression and interpretation of quality of the space. The theory of the commons as the base source for this approach has been broadly proved in practice and Elinor Ostrom as the author of this theory [3-5] was awarded by Nobel Prize in 2009.
