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Cushman & Wakefield reported a net loss of $37.3 million in the third quarter, its second consecutive quarterly loss this year.

The commercial real estate giant recorded $1.9 billion in revenue in the third quarter, down by 8.8 percent from a year ago. The company attributed that dip to lower brokerage activity due to the pandemic, according to its earnings report.

Cushman recorded $321.6 million in revenue from leasing, down by 32 percent from a year ago. Revenue from investment sales activities was $155.5 million, down by 35 percent from a year ago.

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