Tenant Riskiness, Contract Length, and the Term Structure of Commercial Leases

Helpful comments from conference participants at the Institute for Economics at Barcelona, especially Christian Hilber (discussant) and Nate Baum-Snow, are gratefully acknowledged. The authors also thank their discussant Jacob Sagi at the American Real Estate and Urban Economics Association meeting as well as two referees for helpful comments. Any shortcomings in the paper, however, are the responsibility of the authors.