There is 
 feet space from the edge of the wall to the picture.
 feet space from the edge of the wall to the picture.
Step-by-step explanation
The length of the picture is 
 ft and the length of the wall is
 ft and the length of the wall is 
 ft.
 ft.
For finding the total space in both below and above the picture from the edge of the wall, we need to just subtract the length of the picture from the length of the wall. So...

As the picture in centered on the wall, so the spaces in both above and below the picture are equal. 
So, the space from the edge of the wall to the picture 
 feet
 feet