Announced on September 15 2010, the Nikon Speedlight SB-700 sits between the existing SB-600 and SB-900 models in the Speedlight range. Size and weight both split the middle ground between its siblings, and the SB-700's flash head incorporates the same tilt / swivel range as the SB-900, as well as automatic FX / DX-format identification. The SB-700 flash head cam also zoom a bit beyond that of the SB-600, with a range of 24 - 120mm for FX format or 14 - 120mm for DX format, although the SB-900 still bests this by a fair margin.

With a guide number of 28m/92ft. at ISO 100 / 35mm, the SB-700 trails both the SB-600 (30m/98ft.) and SB-900 (34m/111.5ft.) a little in terms of reach. Detailed information on the features of the SB-700 can be found in the official press release.

When announced, US-market availability was set at mid-November 2010, with MSRP pricing of around US$330, while the Japanese press release predicted late November 2010 availability. In Japan, a more specific date has now been provided on the company's official web store, where the Nikon SB-700 is now slated to arrive on November 26, 2010.