Abstract:  
In the strategies for development of municipal formation, which are currently being prepared for the period 2018-2030, a significant place is allocated to the improvement of living conditions of residential areas. The corresponding federal program is being currently implemented. At the same time, the socioeconomic content of the works on improvement of living conditions is far from being introduced to the economic science. Therefore, this segment of activity is somewhat unproductive. The subject of this work is the results of activity on the improvement of living conditions, elements of “micro-space” – the public goods justifying their usefulness. Within the framework of classical methodology of economic theory, the author reveals the essence and key patterns in formation of usefulness of the various elements of micro-space of the residential areas. This article is first to describe the socioeconomic value of the category of “micro-space”. The author demonstrates the main patterns in formation of micro-space elements – correlation between their helpfulness and frequency of exploitation of these goods; multiplicity of the forms of ownership; dependency of selecting their specific type from the existing system of interests. The dependence of the form of financing of rendering these goods from their usefulness and mechanism of the alignment of interests of various consumers is also being determined. The author suggests to use the factor of possible expansion of micro-space for increasing the quality of life of the fellow citizens.