The newest version of OneDrive offers “Files On-Demand.”
With OneDrive Files On-Demand, you can:
– Save space on your device by storing files online only
– Set files and folders to be always available locally on your device
– See important information about files, such as whether they are shared
If you are running the latest version of Windows or macOS and the latest version of the OneDrive sync client application, OneDrive Files On-Demand is available to you.
Information about configuring OneDrive Files On-Demand is available on this web page: