Low-profile sophistication at an accessible price point. The New Balance 204L "Grey Matter/Shipyard" offers a budget-friendly alternative to the coveted Miu Miu x New Balance 530 SL collaboration, delivering similar slim-soled aesthetics at a fraction of the cost.

Design & Inspiration

The New Balance 204L debuted in July 2025 as an unexpected interpretation of 2000s running-inspired style, initially launching through a Kith collaboration and a campaign featuring Rosalía as New Balance brand ambassador. The silhouette capitalizes on the thin-soled, low-profile trend that dominated 2025 and shows no signs of slowing down into 2026. While borrowing the slim structure of '70s running shoes, the 204L leans more 2000s with techy overlays and premium construction—pulling design elements from past and present New Balance favorites to feel familiar yet fresh.

The "Grey Matter/Shipyard" colorway arrives as part of a "Suede Pack" released to kick off 2026, drawing clear parallels to Miu Miu's hyped all-suede New Balance 530 builds. Grey Matter tones dominate the premium suede upper, creating a sophisticated neutral base. Shipyard accents provide subtle contrast through darker grey detailing. The layered overlay features arced lines across the construction, making the 204L both unique and easy to wear. Mesh panels integrate with the suede construction for breathability. The sleek proportions maintain the low-profile aesthetic that defines the silhouette.

Comfort & Performance

Mesh and leather upper combines premium materials with breathable construction for all-day comfort. Foam midsole provides lightweight cushioning with responsive feel. Rubber outsole delivers reliable traction for everyday wear. The shoe fits small—New Balance recommends sizing up for optimal fit.

Release Information & Pricing

The New Balance 204L "Grey Matter/Shipyard" released January 1, 2026 through NewBalance.com and select retailers. Unisex sizing.
Retail price is $120 USD, €140, and £120.