||The units of local governments in Poland own one of the largest stock of real estate. Their property is very differentiated. These are property occupier for water-supply and sewerage networks, as well as sewage treatment plants, dumping grounds, cemeteries, fields assigned for investments of public purposes, or investment fields assigned for residential and commercial building, schools, habitable apartment-houses, as well as service real estate. Each particular category of the differentiated property requires individual management. It is obliged that it corresponds with the policy and individual tasks of local governments, as well as with holistic policy of development of territorial unit. The real estate management influences the economic condition of local government, companies and citizens in direct and indirect manner. Irrational management led to increase of functioning cost, lowers budgetary incomes, makes economic activity difficult, disorganizes real estate market. The rational real estate management can be an important instrument of steering processes of local sustainable development, a tool for creating active revenues, a factor of forming potential opportunities for development. The general aim of the study is present the portfolio, system, finance, organization and real management strategy of real estate in Gdansk. Particularly, we will present classification of municipal property on the base of bylaw and specify the type of real estate management. In the course of carried research, we will perform a election of European cities and we will perform comparison between them in the context of municipal real estate management as forming potential opportunities for development. For the purpose of the article, we will study the literature of real estate management, real estate markets and public management. The research will include studies of proper regulation and municipal documentation. Research methods will consist of logical concluding, induction and comparison. Developing the answers to the above stated problem can contribute to the competitiveness and greater efficiency of the public sector in making real estate decisions that determine municipal investment and development. The contribution of the project to a new knowledge area is, therefore, not only of theoretical nature, but has scientific and applicability values in the first place. The results of the study can be useful for public real estate managers.