Rent for Space is a model for uniform, equitable, and effective management of Washington University School of Medicine space.
Learn more about Rent for Space
Changes to the Rent for Space model were recommended and implemented in FY20 using a phased approach, outlined below.
Phase 1 – Wet Lab
Effective July 1, 2019
- Charges rent for wet lab space and returns a portion of research dollars supporting wet lab research
- Based on room type and quality of space
- Once all phases are implemented, model will fund basic renewal of space
Phase 2 – All Other Space
In Planning Effective Date TBD
- Adds ambulatory, office/dry lab, and auxiliary space to the model
- Will work to realign revenue to neutralize phase starting places and incentivizes effective space utilization
- Will require funds flow realignment
Next Steps
Phase 1
- Begin renewal schedule for interiors and infrastructure
- Develop 10-year renewal plan
Phase 2
- Determine all campus space with no current assigned rent
- Determine cost of unfunded space
- Align rents on currently leased space with new rents
- Align funding changes with cost of space
- Present model to executive faculty for approval
Executive Faculty Space Committee (FY23-24)
Voting Members
Dr. Michael Avidan (Chair)
Dr. Vicky Fraser (Co-Chair)
Dr. Linda Richards
Dr. Dennis Hallahan
Dr. Liliana Solnica-Krezel
Administration Consult
Rick Stanton
Dr. Mark Lowe
Dr. David Perlmutter
Staff Support
OFMD and Finance