Honolulu was rated as the third strongest U.S. metropolitan commercial real-estate markets in the first quarter, according to a ranking by Moody's Investors Service.

On a scale of 0 to 100, Honolulu scored 60, the third highest ranking after Oklahoma City at 72 and Pittsburgh at 61. Rounding out the top five were Wilmington, Del., at 57 and San Francisco at 55.

Honolulu's score was down from 72 in the fourth quarter when the city ranked fourth strongest. In the third quarter of last year, Honolulu was the top-ranked city with a score of 81.

In the first quarter, Moody's gave the country a composite score of 42, down from 58 in the fourth quarter.

The five weakest markets in the first quarter were Phoenix 12, Detroit 24, Memphis, Tenn. 26, Trenton, N.J. 27, and San Antonio 27.