I don't think any of the respondents answered Katrina's question, and I have
the same question. Maybe if I restate it.
In MS Word tables, you can set a white space margin within the cell, on each
border of the text (i.e., left, right, top, bottom) to improve readability.
If the text wraps to a new line, these margins are maintained. I do not see
any parallel capability to do that in Excel. If you manually set the height,
then wrapped text will be partially hidden. Am I right or wrong?

"katrina" wrote:

I know I can indent text in a cell from the left and from
the right of the cell, but can anybody please tell me how
to indent it from the top and bottom? I want to be able
to autofit my rows to my text but leaving a gap at the
top and bottom so it's not all squashed. I know I can
make the rows bigger and then centre the text vertically,
but this is for a very big document so I don't want to
have to manually size each row.