Saving SVG with Space Around It from Illustrator

There are a number of ways to export graphics from Illustrator. Some of them aren't particulary useful (Save As), some of them don't support SVG (Export for Web), some of them produce good output but have limited options that don't allow preserving space around the art (Export As). The only way to output SVG preserving the space around the art is export the artboard itself, which is only an option under the Export for Screens area.

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