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The whole area in the orange box is totally useless and I can't figure out how to get rid of it. It's wasting a tremendous amount of vertical space.
I can collapse the ribbon, but this wasted space just slides up.
Update
Screen shot showing the timescale portion of the graph as well. Definitely not stacked three high and fonts are normal size.
I was going to say yes it occurs in all my files, but then I realized I based them all on the same template, so I found another project file of no relation, and also created a "new" file and neither showed the same whitespace issue.
It is clearly related to a peculiarity of my specific file, which is great to know.
1If it occurs with all files created based upon that template, I'd stop using that template :-) Glad to have helped and thanks for the feedback. – JulieS – 2015-04-24T14:40:08.060