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  "documentTitle": "Bain Achieving operational Excellence at University of California Berkeley",
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  "notes": "The slide uses a stacked bar chart to compare total occupied space (10M sq ft) against total rental expense ($10M).",
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      "text": "Occupied space and Expense by control unit",
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      "text": "Space is a large asset—imputed rent for campus-owned space >$250M/year. Rented space accounts for ~4% of total space and costs ~$10M/year. Recent efforts to reduce rent expense have focused on strategic building purchases, rather than optimizing existing space.",
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      "text": "Source: Regents as Tenant Listing—UC Berkeley; Space Management and Capital Programs; interviews",
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      "text": "Note: “Rec” space refers to recreational space. 56% of total rent expense is from auxiliaries. Rented space and rent expense exclude 6701 San Pablo (~$2M annual expense and ~380K sq ft), whose leaseback ends in 2010. Rent expense excludes utilities.",
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