Yes - you're right that there has been a huge growth in these things recently.In this regard, I suppose I can only speak to my situation locally with any direct knowledge. In my part of the world, we are building more warehouses quite rapidly. I don't disagree with your assessment on the lessons learned from covid, but in just my limited experience, warehouses and distribution hubs have been big money for the last decade or so. Hell, we just got a shiny new gamestop warehouse, which is honestly a bit shocking on multiple levels, but it may just be an idiosyncrasy of this area as a pretty solid crossroads from 4 or 5 major cities.
But they are largely distribution hubs, mostly connected to the increasing trend for online sales with direct home delivery and globalised supply as opposed to the older model of physical store retail with a lot more local. Goods go through them at a high rate: there's not much sitting around as stock. They tend to be located at places where they can reach the most amount of population in the shortest amount of time. In the old model, warehouses were more likely to be around ports or places of industrial production.