No, the noun 'balcony' is a concrete noun, a word for a type of structure that is part of the outside of a building or an overlooking structure within a building; a word for a physical thing.
Abstract nouns are word for things that your five senses cannot detect. You can't see them, hear them, smell them, taste them, or touch them. They are words for things that you know, learn, think, understand, or feel emotionally.
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The noun 'hopefulness' is an abstract noun, a word for an emotion.
Abstract
Yes, future is an abstract noun.
The noun 'generosity' is an abstract noun, a word for a quality of someone or something.
Examples of abstract, concrete noun combinations:Statue of Liberty (statue is a concrete noun; liberty of an abstract noun)science building (science is an abstract noun; building is a concrete noun)bargain basement (bargain is an abstract noun; basement is a concrete noun)the noun 'air' is a concrete noun as a word for the substance that surrounds the earth; the noun 'air' is an abstract noun as a word for the ambiance of a place.the noun 'heart' is a concrete noun as a word for an organ of the body; the noun 'heart' is an abstract noun as a word for the essence of something.the noun 'edge' is a concrete noun as a word for the sharp side of a blade; the noun 'edge' is an abstract noun as a word for an advantage.