A quarter of the content area. One fixation inside it.
The common read: A quarter of the page is a quarter of what there is to look at, so a slot that size gets a share of the attention in proportion to it.
A quarter of the area is not a quarter of the looking. A page position has an identity, and a reader learns it before they read anything in it. In the 2018 eyetracking work, 26 participants worked one task on a real page carrying ads in the top banner and the right rail. The page took 148 fixations. 132 of those landed inside the content area, and exactly one of the 132 landed in the right rail, which is a quarter of that area by size.
That is 0.8 percent of the attention inside 25 percent of the content area. The same readers read the body text beside the rail, so the attention was there and the rail did not get it. What the rail held was the site's ads, and what the readers brought was a verdict on the slot, learned somewhere else and spent here before anything inside it was resolved. On your own site that verdict resurfaces as a heatmap filed against the visual design.
This is not one study and it is not new. NN/g first documented the behaviour in 1997 through usability testing, replicated it with eyetracking in 2007, and found it again in 2018, which they state as three decades. So price the slot before you price the restyle. Moving a module out of that rail costs one layout argument and one sprint. Leaving it there spends the module on a quarter of the page that took one fixation in 132.
