Office 2016 for Mac, like most Microsoft products, has a support lifecycle during which we provide new features, bug fixes, security fixes, and so on.
With the release of macOS 10.15 Catalina, Microsoft 365 for Mac and Office 2019 for Mac currently support macOS 10.15, 10.14, and 10.13.
Important: In order to upgrade to Microsoft 365 or Office 2019, your Mac needs to meet the minimum operating system and hardware requirements.