Server-side rules cannot be created The only server-side rules that Outlook for Mac currently supports is Out of Office.
Outlook 2016 allows access to Conversations, Calendar, Files and Notebook.
However, it's not possible to view a Group Calendar in the Calendar pane, which means that you cannot display side-by-side calendar views with any other Outlook/Share Point calendar.
If you have exported your Studio Cloud calendar to Outlook (see Export your Studio Cloud Calendar to Outlook 2007), you may want to change the refresh or update rate of the calendar.
The shorter the refresh rate, the more up-to-date your calendar will be.
It should take a couple minutes to complete, and you should not need administrative privileges.