The Mall Korat, a long-running Korat shopping centre, is negotiating a lease on a roughly 20-rai plot after rents rose 2-3 times, and may rework its model into mixed-use. Reported revenue fell from about 2,093 million baht (2565) to about 1,296 million baht (2568), with small losses in 2566-2568. For a Thai retail or landlord-facing SME in a provincial city, the lesson is that rising land rents and new big-box competition (Terminal 21 about 2 km away, Central about 7 km) squeeze margins. Check your own lease terms and footfall before committing to long-term space.